San Francisco-based real estate investment firm Spear Street Capital has acquired two office buildings in Pioneer Square, Washington DC, for $124.8 million, Business Journal reports. The connected buildings were sold by Starbucks.
Both properties are nearly 70% leased, adds The Seattle Times. The tenants include Isilon Systems and Sharebuilder and Nuance Communications. The coffee company had originally bought the King Street buildings in 2006 for $28.7 million.
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