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Originally published October 30, 2012 at 12:57 PM | Page modified October 30, 2012 at 9:03 PM

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Corrected version

Downtown apartment tower sold

Tower 801 fetches 57 percent more than in 2005

Seattle Times business staff

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Quick math shows this purchase at near a 0 % return. Am I missing something other than... MORE

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Tower 801, a 25-story apartment tower at Eighth Avenue and Pine Street in downtown Seattle, was sold Tuesday for nearly $50 million, according to county records.

Goodman Real Estate of Seattle and Capri Capital Partners of Chicago purchased the 173-unit building, built in 1970, from Essex Property Trust of Palo Alto, Calif.

Essex paid $31.7 million for the tower in 2005, records indicate.

This story has been corrected. An earlier version misidentified the buyer as an affiliate of the Los Angeles County Employees Retirement Association

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