Spear Street Capital Acquires U.S. Bank Center In Seattle From Blackstone For $280 Million

The 1450 5th Avenue property, identified as the U.S. Bank Center, is located in Seattle, WA. It was involved in a sale transaction for a total price of $280,000,000. The building encompasses a total square footage of 944,000, resulting in a price per square foot of $297.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $280,000,000
• Buyer: Spear Street Capital
• Seller: Stephen A. Schwarzman - Blackstone
• Square Footage: 944,000
• Price per Square Foot: $297
• Existing Debt: $427.8 million

The transaction was facilitated by Spear Street Capital, which has agreed to purchase the U.S. Bank Center from Blackstone, represented by Stephen A. Schwarzman. This acquisition is contingent on Spear Street Capital securing financing for the deal.