Madison Centre in Seattle sells for $730m

Madison Centre in Seattle sells for $730m
Madison Centre, a 37-story Class A office property in Seattle Image: Courtesy of Boston Properties

Boston Properties has acquired Madison Centre, a 37-story Class A office property in Seattle, Washington, for $730 mlillon.

“We are thrilled to acquire Madison Centre, one of the highest quality properties in downtown Seattle, as we continue our growth in the region,” said Kelley Lovshin, Vice President, Seattle Region, BXP.

“With unmatched amenities, dynamic workspaces, and excellent accessibility to public and private transit options, Madison Centre is desirable to a wide range of clients and is an excellent addition to BXP’s portfolio.”

This acquisition follows BXP’s entry into the Seattle market in 2021 with the acquisition of Safeco Plaza.

Madison Centre, the 760,000 square foot, LEED-Platinum certified office property, is 93% leased and offers an efficient floor plate design with a center-loaded core and minimal columns allowing for a variety of layouts for clients of all sizes.

It currently services 20 diverse office clients, BXP said.

Standing tall on the skyline of Seattle’s Downtown area, Madison Centre is one of the newest commercial high rises in the City.

The property features a 30-foot-high curved rotunda that includes a three-story fireplace, conference and training center, boardroom and private terrace, 5,200 square-foot fitness facility, fast casual dining options, and private rooftop deck.