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Pearl District Office Building Sale Likely Shatters Portland's High-Water Deal Mark

Seattle's Security Properties Development Company wasted little time in selling the office portion of its Heartline project in the Pearl District, unloading the five-story building just a year after vacation rental company Vacasa took all the available office square footage.
The developer announced this week it has sold the 72,100-square-foot building to Intercontinental Real Estate Corporation, an investment adviser based in Boston, on behalf of its U.S. Real Estate Investment Fund LLC.
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