New landlord for Redstone building near Alderwood Mall

Tenants of the Redstone I building near Alderwood Mall and the Redstone II building, including the city of Mountlake Terrace, have new landlords as the two buildings have been purchased by a Seattle investment group and a Chicago real estate company.

Talon Private Capital of Seattle and PCCP LLC of Chicago have reported taken over ownership of the Redstone I and II buildings for a purchase price of $52.1 million.

The Redstone buildings have been owned since 2006 by Transwestern Investment Company, a commercial real estate company headquartered in Houston, and AllianceBernstein, an asset management company in New York.

– Story by Doug Petrowski/MLT News editor

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