Ivanhoe Cambridge has acquired a 100 per cent interest in the Wells Fargo Center, a 47-storey, Class A office tower with 983,600 square feet of leasable space.

The acquisition brings Ivanhoe Cambridge’s share of leasable Class A space in Seattle’s financial district to nearly eight per cent.

“This acquisition, an excellent investment opportunity brought to our attention through our partner, Callahan Capital Properties, contributes to our strategy aimed at building a national platform of assets comprised of superior quality office buildings that are well located in the U.S.,” says Daniel Fournier, chairman and CEO of Ivanhoe Cambridge. “We are especially proud to have been able to execute this transaction efficiently within a short time frame.”

Located at 999 Third Ave., Wells Fargo Center is among downtown Seattle’s showcase real estate assets and one of the city’s tallest skyscrapers. It features excellent energy management and environmental systems, with LEED (Leadership in Energy and Environmental Design) gold certification and a very high Energy Star rating. It also provides exceptional views of Elliott Bay, the mountains and the city.