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| 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.
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| 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 | www.hfflp.com
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