Sunday, October 16, 2016

HFF closes $25.4 million sale of transit-oriented office building in Seattle’s north central business district

Broadacres Office Building, North Central Business District, Seattle, WA

PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $25.4 million sale of Broadacres, a 123,108-square-foot, transit-oriented office building with ground floor retail space in Seattle’s north central business district.

Nicholas Kucha
HFF marketed the property with KG Investment Properties on behalf of the seller, Principal Real Estate Investors, and procured the buyer, LBA Realty. 

Broadacres is situated at 1601 2nd Avenue just two blocks from Sound Transit-King County Metro’s Westlake station; one block from Pike Place Market, a popular retail destination that attracts more than 10 million visitors annually; and four blocks from Amazon’s South Lake Union headquarters in downtown Seattle.

  With a history dating back to 1907, the 10-story property represents a rare value-add creative office redevelopment opportunity. 

The HFF investment sales team representing the seller was led by senior managing director Nicholas Kucha.

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 |


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