JOINT VENTURE SELLS 252,000-SQUARE-FOOT OFFICE BUILDING FOR $35.9 MILLION

SEATTLE — Broadreach Capital Partners and joint venture partners Continental Properties and Unico Properties have sold 1915 Terry, a 252,000-square-foot, mid-rise office tower in Seattle, to Seattle-based Children’s Hospital for $35.9 million. The Broadreach-led partnership acquired the seven-story building in 2006 and negotiated a 15-year lease with Children’s Hospital for the entire building that included a buy-out option in 2007.