Beleaguered Sterling Building Has Buyer

SEATTLE, WA-The aging downtown Sterling Building has a buyer. Constructed in 1910 as a brothel according local folklore, the 19,980-sf building at 1410 Third Ave. will be changing hands after 18 months on the market, says listing broker Vincent DeLuca of Colliers International in Seattle.

DeLuca tells GlobeSt its acquisition by a couple of locals is scheduled to close Feb. 1. Though the Colliers broker was unable to disclose the names of the buyers or the exact amount of the tentative sale, he would say it was just about on target with the asking price of $3 million.