Skanska sells the development property Stone34 in Seattle, USA for USD 70 M, about SEK 475 M. The buyer is a joint venture between Unico Properties and the Laird Norton Company. The sale will be recorded for Skanska Commercial Development, in the fourth quarter of 2014 and transfer of the property is scheduled for the fourth quarter of 2014.
Stone34 is Skanska’s first Seattle development property and was completed in summer 2014. The ground floor provides over 21,000 square feet of retail space, 8,500 square feet of outdoor gathering space, parking stalls, biking stalls, four electric car charging stations and edible landscaping. Current retail tenants include flagship retail stores for Brooks and MiiR.
Skanska has two development projects under construction in the Seattle area, and also recently announced the ground lease for 2&U, a Class A high-rise office tower in downtown Seattle.