OVERVIEW MASIN BLOCK | 220-240 2nd Ave S 220-240 2nd Ave S, Seattle, WA Value-Add Office 80,160 SF Seller Representation Sale Price: $24,100,000 THE OUTCOME Listed: January 25, 2021 Competing Offers: 4 Offers Under Contract: May 15, 2021 Closed: July 27, 2021 THE CHALLENGE Our team represented ownership when they bought both the Pacific Commercial and Masin Buildings from two different groups. Dueto a change in strategy, ownership decided to sell the combined buildings….
LEE & ASSOCIATES NORTHWEST CONTINUES RAPID GROWTH WITH LAUNCH OF NEW INVESTMENT DIVISION
September 01, 2020 (SEATTLE, WA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today the addition of four new brokerage agents to lead the firm’s Northwest investment division. The team will consist of Stuart Williams, Adrienne Hunter, Alex Muir, and Elizabeth Schalka, all formerly of both JLL and more recently of Kinzer Partners. Williams, a well-known investment market expert, will lead the new Northwest investment division, which will…
Case Study – 601 Dexter
Multifamily Land OVERVIEW 601 DEXTER | 601 Dexter Ave N 601 Dexter Ave N, Seattle, WA 21,713 SF Value-Add Office 23,632 SF / 0.54 AC Seller Representation Sale Price: $28,500,000 “The team not only achieved pricing well above our expectations but provided great advice on the pros and cons for selling and JV structures.” – Owner Mark Pietre THE CHALLENGE Ownership was the sole tenant of the building and wanted to consider both selling and…
Case Study – 701 Dexter
Multifamily Land OVERVIEW 701 DEXTER |701 Dexter Ave N 701 Dexter Ave N, Seattle, WA 217,000 SF Development Potential 27,127 SF / 0.62 AC Seller Representation Sale Price: $33,500,000 “We were impressed with the team’s ability to sell the story of the Dexter corridor, and their analytical capabilities in valuing all of the potential alternatives.” – Scott Brucker Unico Properties THE CHALLENGE There was an existing 58,681 SF, 6-story older office building on the property….