 |
| Hard rock Cafe Seattle Near Pike Place Market, Seattle, WA |
 |
| Gerry Rohm |
SAN FRANCISCO, CA, June 7,
2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed
the $20.75 million sale of the building that houses the Hard Rock Café Seattle near Pike Place Market in Seattle,
Washington.
HFF marketed the property
on behalf of Urban Visions. KLM Equities
Inc. purchased the asset free and clear of existing debt.
The property is situated
on .16 acres at 114 Pike Street between 1st and 2nd Avenues. One hundred percent leased to Hard Rock Café
Seattle, the building is one block from Pike Place Market, a destination
shopping, dining and entertainment area with more than 10 million visitors
annually.
The area has a Walk Score® of 99, and the
property has a Transit Score® of 100, receiving the designation of a “World
Class Public Transit” location, as the Link, Seattle’s light rail system, is
within two blocks of the property and bus service for more than 20 lines is
less than a block away.
 |
| Nicholas Kucha |
As the only Hard Rock Café
location in the Pacific Northwest, Hard Rock Café Seattle is a three-story
restaurant that consists of seating for 435 and a Rock Shop retail area for
selling merchandise.
The HFF retail investment
sales team representing the seller was led by senior managing directors Gerry Rohm and Nicholas Kucha, director Nick
Kassab and associate director Danny
Reddin.
“The Hard Rock Café
Seattle is located in the heart of the Pike-Pine Corridor – Seattle’s most
active retail submarket with more than 10 million visitors annually,” Kassab
said.
“The $73 million expansion of
Seattle’s Pike Place Market will serve to further re-shape the submarket upon
completion with new vendor stalls, retail space and a viewing deck.”
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
No comments:
Post a Comment