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| Hines acquires Fifth & Bell in Seattle and Carillon in Charlotte  The Seattle office of Hines, the international real estate firm, announced that Hines Real Estate Investment Trust, Inc. (Hines REIT) has acquired Fifth & Bell, a Class A office building located on 5th Avenue between Bell and Battery Streets in Seattle's dynamic north Central Business District. The building was purchased from Touchstone Seattle Venture II, which was represented by Pacific Real Estate Partners, Inc. (PREP). Hines represented Hines REIT in the transaction. Completed in 2002, the six-story property consists of 197,140 rentable square feet of office space and street-level retail. Designed by Washington-based architecture firm Collins Woerman, Fifth & Bell features a brick façade accented with a distinctive glass entryway with brushed metal accents, interior finishes and highly efficient floor plates and building systems. The asset also has a fifth-floor deck with panoramic views of Lake Union, Elliot Bay and the downtown skyline. A three–level, subterranean parking garage within the building contains approximately 200 parking spaces. The property is 83 percent leased to tenants including Philips Electronics N.A., Edelman Worldwide, and West Travel, Inc.The Atlanta office of Hines announced that a subsidiary of Hines-Sumisei U.S. Core Office Fund, L.P. (Core Fund) has acquired the Carillon building in Charlotte, NC, from an undisclosed seller. The Core Fund is an investment vehicle organized by Hines and Sumitomo Life Realty (N.Y.), Inc. to acquire a geographically diverse portfolio of core office buildings in the U.S. Carillon is a 25-story, Class A office tower located along West Trade Street, one block from the main intersection of Trade and Tryon Streets, in the downtown submarket of Charlotte, NC. Carillon contains approximately 469,000 rentable square feet and was completed in 1989. The building is currently 99 percent leased to a strong tenant roster which includes: Cadwalader Wickersham & Taft; Deloitte & Touche; Crosland, Barry, Evans Joseph & Snipes; the US Attorneys Office; LS3P Associates; and IBM. write your comments about the article :: © 2007 Construction News :: home page |