and Callahan Capital Properties have bought two office properties for $280m (鈧�225m) in Seattle.
The real estate subsidiary of the Caisse de de虂po虃t et placement du Que虂bec said the deal was its seventh with Callahan.
The acquisition takes the partners鈥� US office platform investments to close to $2.7bn.
The 572,500sqft, 1111 Third and Second & Spring properties have been upgraded and renovated.
Adam Adamakakis, executive vice president of US investments at Ivanhoe虂 Cambridge, said the assets complement its existing ownership in other Seattle properties. Adamakakis said the investor now owns 13% of Seattle鈥檚 class A, central business district office market.
鈥淲e are well positioned to benefit from the ongoing growth of the Seattle economy and its dynamic underlying industries,鈥� he said.
Callahan chief executive Tim Callahan said Seattle was one of the top-performing economies in the US.
鈥淲e are very optimistic about the continued strength and outlook for Seattle,鈥� he said. 鈥漈hese properties exemplify our focus on investing in markets with compelling long-term growth prospects and in properties with opportunities to enhance value.鈥�
As reported , a Ivanho茅 Cambridge consortium is close to completing the purchase of a prime New York City office property for a reported $2.25bn.
