Tuesday, January 31, 2017

High-profile Uptown office building changes hands

Vancouver-based City Office REIT Inc. has purchased the 2525 McKinnon office building at Cedar Springs and McKinnon St.

Built in 2003, the eight-story, 111,722-sf building is almost fully leased. Tenants include Retail Connection, Staffelbach, Hunt Mortgage Group, ​and Aramark Services.

Real estate brokers say the building sold for around $47 million, or over $400 per sf.

The high-rise was sold by Seattle-based Talon Private Capital, which had owned the building for four years.