The Bravern’s office towers, which are entirely filled by Microsoft, were sold for $410 million. The 750,000 square-foot office spaces sold to the Principal Real Estate Investors of Des Moines, Iowa for about $547 per square foot.
This price represents a healthy premium for Schnitzer West, the seller of the property. According to the Seattle Times, previous to the recession the Downtown Bellevue and Seattle premium office space would sell in the upper $500 – $600 range.
