Wednesday, May 4, 2016

HFF arranges $29.6 million sale of Seattle historic office building for Mack Real Estate Group

                      1411 Fourth Building, Central Business District, Downtown Seattle, WA 
                                                                                                                   (Photo by Red Studio Inc.)                                              
Nick Kucha
PORTLAND, OR  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has completed the sale of 1411 Fourth, a 123,430-square-foot, historic office building in Seattle’s central business district (CBD), on behalf of an affiliate of Mack Real Estate Group. 

Mack Real Estate focuses its Seattle activities on multifamily ownership and development through the Mack Urban unit, and commercial assets like 1411 Fourth fall outside of that core strategy.  Onni Development Capital Corporation purchased 1411 Fourth for $29.6 million.    

Originally built in 1929, 1411 Fourth features 15 stories of flexible office space in a transit-oriented, CBD location.  

The property is situated on a .29-acre site fronting 4th Avenue and Union Street with immediate access to Seattle’s 3rd Avenue public transit corridor, Interstate 5 and Highway 99.

 Additionally, 1411 Fourth has a Walk Score of 98, placing it within close proximity to Pacific Place Mall, Pike Place Market and the Washington State Convention Center in addition to numerous retail stores, hotels and restaurants.

HFF’s investment sales team representing the seller was led by senior managing director Nick Kucha and director Nick Kassab.

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

No comments: