News Releases

Baker Botts Represents Hines Global REIT in Sale of KOMO Plaza in Seattle

Release
Deal Description: Hines, the international real estate firm, announced on December 27, 2016 the closing on its sale of KOMO Plaza in Seattle to GI TC Seattle, LLC. 
The net contract sales price for KOMO Plaza is expected to be approximately $276 million in aggregate, exclusive of transaction costs and closing prorations. The property was acquired by Hines Global REIT on December 15, 2011 for a purchase price of $160 million. 

Formerly known as Fisher Plaza, KOMO Plaza is a state-of-the-art, multi-tenant data center facility. The property is located in an emerging office submarket in downtown Seattle, a prime location for its data center and broadcast tenants. 

Baker Botts Lawyers/Office Involved: Connie Simmons Taylor (Partner, Houston), Sarabeth Peele (Associate, Houston). 

 

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