Sunday, November 6, 2016

HFF closes $87 million sale of 1,240-stall parking garage in downtown Seattle, WA

Pacific Place Garage Apartments, 1612  6tth Avenue, Downtown Seattle WA

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 |

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