Crescent Real Estate Equities Co. just sold the Exchange Building on 2nd and Marion St. (821 2nd Ave) to The Ashforth Co. and GE Asset Management for $80.6 million.
Crescent Real Estate Equities Co. purchased the building in 2005 for $52.45 million and maintained the 295,000 sq. ft space at 100 percent occupancy with King County as a major tenant.
The 23 story building was built in 1930 and achieved landmark status on April 20th, 1990. When completed The Exchange Building was the second tallest reinforced-concrete building in the United States.
Click here to read the PSBJ article.