U.S. REIT CIM Group pays $151 mln for Seattle office building

01/17/2019 9:09:00 AM (GMT)

U.S-based real estate investment trust (REIT) CIM Group has purchased an office building in Seattle for $151 million from property developer Pacific Eagle Holdings.

The 15-story office, which was recently upgraded with additional amenities, has tenants including a range of industries including technology, government, non-profit, media, healthcare and professional services.

In 2015, Pacific Eagle Holdings acquired the property for $124.4 million.

Last month, CIM Group agreed with U.S. real estate investment firm Golub & Co. to acquire a 36-story office tower in downtown Chicago for $138 million.

CIM Group

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