{"id":7446,"date":"2025-07-08T10:40:49","date_gmt":"2025-07-08T17:40:49","guid":{"rendered":"https:\/\/www.lee-associates.com\/northwest\/?p=7446"},"modified":"2026-07-07T13:53:58","modified_gmt":"2026-07-07T20:53:58","slug":"downtown-tacoma-sees-rare-office-sale-amid-cautious-market","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/northwest\/2025\/07\/08\/downtown-tacoma-sees-rare-office-sale-amid-cautious-market\/","title":{"rendered":"Downtown Tacoma Sees Rare Office Sale Amid Cautious Market"},"content":{"rendered":"<div id=\"pl-7446\"  class=\"panel-layout\" ><div id=\"pg-7446-0\"  class=\"panel-grid panel-has-style\" ><div class=\"panel-row-style panel-row-style-for-7446-0\" ><div id=\"pgc-7446-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-7446-0-0-0\" class=\"so-panel widget widget_sow-headline panel-first-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-headline so-widget-sow-headline-default-bdfc1dc96073-7446\"\n\t\t\t\n\t\t><div class=\"sow-headline-container \">\n\t\t\t\t\t\t\t<h2 class=\"sow-headline\">\n\t\t\t\t\t\tThe three-story office building at 1142 Broadway traded in an off-market transaction for $2.7 million last month\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"decoration\">\n\t\t\t\t\t\t<div class=\"decoration-inside\"><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n<\/div><\/div><div id=\"panel-7446-0-0-1\" class=\"so-panel widget widget_sow-image\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-c67d20f9f743-7446\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/07\/Main-Image-High-Resolution-e1751997061355-768x526.jpg\" width=\"768\" height=\"526\" srcset=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/07\/Main-Image-High-Resolution-e1751997061355-768x526.jpg 768w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/07\/Main-Image-High-Resolution-e1751997061355-300x205.jpg 300w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/07\/Main-Image-High-Resolution-e1751997061355-1024x701.jpg 1024w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/07\/Main-Image-High-Resolution-e1751997061355-1536x1052.jpg 1536w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/07\/Main-Image-High-Resolution-e1751997061355.jpg 1568w\" sizes=\"(max-width: 768px) 100vw, 768px\" title=\"1142 Broadway Tacoma &#8211; High Resolution\" alt=\"1142 Broadway\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><div id=\"panel-7446-0-0-2\" class=\"so-panel widget widget_sow-editor\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><strong>TACOMA, WA (July 7, 2025)<\/strong> \u2014A downtown Tacoma office building has sold in the first office transaction of more than $2 million in the city this year, Pierce County records show.<\/p>\n<p class=\"content\" data-type=\"paragraph\">The 28,460-square-foot building at 1142 Broadway traded in an off-market transaction in mid-June for $2.7 million, 30% below its assessed value of $3.9 million.<\/p>\n<p class=\"content\" data-type=\"paragraph\">Lee &amp; Associates brokers Harrison Laird and John Bauder represented the buyer.<\/p>\n<p class=\"content\" data-type=\"paragraph\">The three-story, 1916 building \"is an investment property for the new ownership group,\u201d Laird said.<\/p>\n<p class=\"content\" data-type=\"paragraph\">\"Uncertainty due to frequent and unpredictable national-level policy changes have overshadowed the positive sentiments in the market, resulting in more recessionary strategies,\u201d Laird said. \u201cCompanies and investors are using extreme caution, remaining focused on their core competencies and strategic investments. This uncertainty has extended anticipated office vacancy trajectories both higher and longer with a peak expected in mid-2026.\u201d<\/p>\n<p class=\"content\" data-type=\"paragraph\">Owner-users and value-add buyers are still active in the market but cautious, he said.<\/p>\n<p><strong>ABOUT LEE &amp; ASSOCIATES<\/strong><\/p>\n<p>Lee &amp; Associates is North America\u2019s largest broker owned commercial real estate services organization. Established in 1979, Lee is comprised of more than 1,750 professionals and serves its customers from 80 strategic offices throughout the United States and Canada. Lee\u2019s highly skilled team of brokers specializes in leasing and\/or sales of virtually all commercial real estate service lines including office, industrial, retail, multi-family, land, investment services and corporate solutions. Through its team of partners, Lee also provides its customers with integrated property management and debt and equity finance services. For more information, visit <a href=\"http:\/\/www.lee-associates.com\/\">www.lee-associates.com\/.<\/a><\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-7446-0-0-3\" class=\"so-panel widget widget_sow-button panel-last-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-button so-widget-sow-button-leeassoc-f69c98e2c8a8-7446\"\n\t\t\t\n\t\t><div class=\"leeassoc-so-btn-base ow-button-base ow-button-align-justify\">\r\n\t<a href=\"https:\/\/www.bizjournals.com\/seattle\/news\/2025\/07\/07\/office-building-sale-downtown-tacoma.html\" class=\"sowb-button ow-icon-placement-left ow-button-hover\" target=\"_blank\" rel=\"noopener noreferrer\" \t\t>\r\n\t\t<span>\r\n\t\t\t\r\n\t\t\tView the Article Here on Puget Sound Business Journal\t\t<\/span>\r\n\t<\/a>\r\n<\/div><\/div><\/div><\/div><\/div><\/div><div id=\"pg-7446-1\"  class=\"panel-grid panel-has-style\" ><div class=\"panel-row-style panel-row-style-for-7446-1\" ><div id=\"pgc-7446-1-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-7446-1-1\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-7446-1-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"4\" ><div class=\"panel-widget-style panel-widget-style-for-7446-1-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<h2 style=\"text-align: center\">MEDIA CONTACT<\/h2>\n<p style=\"text-align: center\"><strong>Jim Bowles, SIOR<br \/>\n<\/strong>Lee &amp; Associates<br \/>\n(425) 454-4242<br \/>\n<a href=\"mailto:jbowles@lee-associates.com\">jbowles@lee-associates.com<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-7446-1-2\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>TACOMA, WA (July 7, 2025) \u2014A downtown Tacoma office building has sold in the first office transaction of more than $2 million in the city this year, Pierce County records show. The 28,460-square-foot building at 1142 Broadway traded in an off-market transaction in mid-June for $2.7 million, 30% below its assessed value of $3.9 million. Lee &amp; Associates brokers Harrison Laird and John Bauder represented the buyer. The three-story, 1916 building &#8220;is an investment property&#8230;<\/p>\n","protected":false},"author":244,"featured_media":7524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,1085],"tags":[1097,1096,1129,1116],"class_list":["post-7446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-office","tag-harrison-laird","tag-john-bauder","tag-office","tag-tacoma"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Downtown Tacoma Sees Rare Office Sale Amid Cautious Market - Lee &amp; Associates Pacific Northwest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/northwest\/2025\/07\/08\/downtown-tacoma-sees-rare-office-sale-amid-cautious-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Downtown Tacoma Sees Rare Office Sale Amid Cautious Market\" \/>\n<meta property=\"og:description\" content=\"TACOMA, WA (July 7, 2025) \u2014A downtown Tacoma office building has sold in the first office transaction of more than $2 million in the city this year, Pierce County records show. The 28,460-square-foot building at 1142 Broadway traded in an off-market transaction in mid-June for $2.7 million, 30% below its assessed value of $3.9 million. Lee &amp; Associates brokers Harrison Laird and John Bauder represented the buyer. The three-story, 1916 building &quot;is an investment property...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/northwest\/2025\/07\/08\/downtown-tacoma-sees-rare-office-sale-amid-cautious-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; Associates Pacific Northwest\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nwleeassociates\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-08T17:40:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-07T20:53:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/07\/Media-Center-Cover-Image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"924\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"sthomson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NWLeeAssociates\" \/>\n<meta name=\"twitter:site\" content=\"@NWLeeAssociates\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sthomson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/07\\\/08\\\/downtown-tacoma-sees-rare-office-sale-amid-cautious-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/07\\\/08\\\/downtown-tacoma-sees-rare-office-sale-amid-cautious-market\\\/\"},\"author\":{\"name\":\"sthomson\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/#\\\/schema\\\/person\\\/931b1b7e88eab37109aec4c62a449a56\"},\"headline\":\"Downtown Tacoma Sees Rare Office Sale Amid Cautious Market\",\"datePublished\":\"2025-07-08T17:40:49+00:00\",\"dateModified\":\"2026-07-07T20:53:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/07\\\/08\\\/downtown-tacoma-sees-rare-office-sale-amid-cautious-market\\\/\"},\"wordCount\":480,\"publisher\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/07\\\/08\\\/downtown-tacoma-sees-rare-office-sale-amid-cautious-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/wp-content\\\/uploads\\\/sites\\\/74\\\/2025\\\/07\\\/Media-Center-Cover-Image.png\",\"keywords\":[\"harrison laird\",\"john bauder\",\"office\",\"tacoma\"],\"articleSection\":[\"Featured Industry News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/07\\\/08\\\/downtown-tacoma-sees-rare-office-sale-amid-cautious-market\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/northwest\\\/2025\\\/07\\\/08\\\/downtown-tacoma-sees-rare-office-sale-amid-cautious-market\\\/\",\"name\":\"Downtown Tacoma Sees Rare Office Sale Amid Cautious Market - Lee &amp; 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