A group of Hong Kong investors is set to buy Columbia Center, the tallest building in Seattle, according to the Puget Sound Business Journal.
The PSBJ says the trade publication Real Estate Alert first broke the news of the $725 million sale.
The buyers reportedly are Gaw Capital, which has property throughout Asia, in many major U.S. cities and the U.K.
Investors from China, Taiwan and Hong Kong have invested millions of dollars in commercial real estate throughout the area in recent years, the PSBJ reported in April, in an article that outlined the developments in Bellevue, Tukwila and downtown Seattle.
The thirty-year-old Columbia Center is the second-tallest building on the West Coast, and has a public observation deck on the 73rd floor.
Columbia Center’s current owners are Beacon Capital, which has a number of property investments in Seattle, including one 2014 project where immigrant business tenants complained that they were singled out for displacement.