Takenaka Corp Acquires 1812 Boren Ave Seattle From Principal Real Estate Investors For $268.5M

Tilt49 is a 290,573-square-foot office building located at 1812 Boren Ave, Seattle, WA 98101. The property was sold for $268.5 million. This Class A building is situated in the Denny Triangle area and is currently triple-net leased to Amazon through 2033. The newly constructed office space includes 1,646 square feet of retail leased to Mighty-O Donuts.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: $268,500,000.00
• Address: 1812 Boren Ave, Seattle, WA, 98101
• Square Footage: 290,573
• Seller: Principal Real Estate Investors
• Buyer: Takenaka Corp
• Seller's Representatives: Ken White (Newmark), Kevin Shannon (Newmark)

The transaction involved multiple representatives from NKF, including Kevin Shannon, Ken White, Rob Hannan, Tim O’Keefe, and Michael Moll. This was a notable acquisition as Takenaka Corp., a prominent Japanese architecture, engineering, and construction firm, is making its first investment in the Seattle market. Urban Renaissance Group has been retained to manage the property post-transaction.