The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 16, 2018
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Seattle Retail Property Trades for $19 Mil as a Development Opportunity

10/11/18

A 53.4k sf building in Seattle’s retail central business district has sold for $19 mil, or $356/sf. The property, located at 1518 Fifth Ave, is currently occupied partially by Banana Republic in addition to a vacant former hotel.

Dave Speers, Jason Rosauer, and Rob Anderson with Kidder Mathews represented the seller, 1518 Fifth Avenue LLC, in the transaction. The buyer, ARZCO 1 Investment, was repped by Holly Yang and Sophia Wong, also with Kidder Mathews.

ARZCO 1 Investment is a subsidiary company of the Al Zarooni Group out of Dubai, which is a development pioneer in the United Arab Emirates, with vast experience in the Middle East and North American markets.

The property is situated in the epicenter of the prime retail corridor between Pine and Pike. “This is a rare retail district, in-fill development site,” said Speers. “Under the property’s zoning there are a variety of development options the buyers may pursue.”






Return to the Archive page
 
 
 
 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media