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| Pacific Place Garage Apartments, 1612 6tth Avenue, Downtown Seattle WA |
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| Nicholas Kucha |
PORTLAND, OR –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $87 million sale of
Pacific Place Garage, a 1,240-stall subterranean parking garage adjacent to the
Nordstrom national flagship store in downtown Seattle, Washington.
HFF marketed the property
on behalf of the seller, the city of Seattle.
Madison Marquette purchased the asset.
The six-level Pacific
Place Garage contains 440,185 square feet situated on 2.08 acres in downtown
Seattle. The garage was completed in
1998 and features valet and self-service parking in addition to six hydraulic
passenger elevators.
Located at 1612 6th Avenue, the garage is below
Pacific Place Shopping Center, a five-story, 335,000-square-foot retail,
restaurant and entertainment destination anchored by an 11-screen AMC Theatre.
In addition to the adjacent flagship
Nordstrom, the garage is in the heart of downtown Seattle’s retail core in an
area with a Walk Score® of 99 – a Walker’s Paradise – and proximate to 14.6
million square feet of office space.
The HFF investment sales
team was led by senior managing director Nicholas
Kucha. Kinzer Partners, represented
by Dugan Earl, Kris Curtis and Craig
Kinzer, co-brokered the transaction.
For a complete copy of the company’s news release,
please contact:
Kristen Murphy
Director, Marketing
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax
617.338.2150 | www.hfflp.com
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