The Fifth & Pine Building, for sale in the $50 million range since spring, has been taken off the market by owners Pine Street Development.

The newly renovated former home of Nordstrom didn’t receive an “attractive” offer, Pine Street managing partner Matt Griffin recently told local media. Local brokers say the “100% location” will be right back on the market when somebody hits the right price point.

Current retail tenants in the 150,000-square-foot building include Bailey, Banks & Biddle, Coldwater Creek and Urban Outfitters. Office tenants include and Web developer Saltmine.

Pine Street owns all four buildings adjacent to Westlake Park. It took control of the properties, known as the Seaboard block, in 1996. The company is also the owner/developer of the nearby Pacific Place retail complex.

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