The Seattle Design Center includes a two-story, 130,165-sfbuilding constructed in 1973 with 125 surface parking spots and afive-story, 260,519-sf building constructed in 1983 that includesunderground parking for 276 vehicles. The buildings are connectedby a glass atrium.
SDC contains a mixture of 70 showrooms, 15 designer offices, andapproximately 80,000 sf of mainstream office tenants including thecorporate headquarters of specialty retailer Sur La Table. Theshowrooms represent more than 1,500 manufacturers from around theworld as well as local artisans from the Northwest. The complex is90% leased.
Hines REIT acquired the property from Bay West LLC, a companywhose ownership includes Tim Treadway. Pacific Real Estate Partnersrepresented Bay West. Hines represented Hines REIT. Hines isresponsible for the management and leasing of the REIT'sassets.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
