OUR APPROACH

While there was technically one project, there were three separate interconnected buildings with different attributes. We only wanted one buyer, so we marketed the various strengths of different buildings to a wide group of value-add office buyers, primarily based in Seattle and on the West Coast. We generated 4 offers and were able to sell the project at a price which is 40% higher than today’s values. This transaction is the largest Pioneer Square office sale of the last five years.