Union Investment has bought a Seattle office asset for nearly $300m (鈧�276m).
The German investment manager acquired the Amazon Phase VI building in the city鈥檚 South Lake Union district.
The property is almost fully let on a 15-year lease.
The 395,000 sqft asset was bought by Union for its open-ended, Unilmmo: Europa fund.
Martin Br眉hl, head of investment management international at Union, said: 鈥淪eattle is one of the fastest-growing US cities and highly attractive to young, well-educated employees, so it provides ideal conditions for our increased international focus.鈥�
Developer Vulcan Real Estate sold the building, at 515 Westlake Avenue North and 500 Ninth Avenue North, in an open market deal.
Union鈥檚 20-storey Millennium Tower in Seattle has been part of the UniImmo: Europa portfolio since 2003.
Two years ago, Union sold the Fifth & Pine building in Seattle for a substantial profit.
