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1411 Fourth Building, Central Business District, Downtown Seattle, WA
(Photo by Red Studio Inc.)
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| 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 | www.hfflp.com
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