720 3rd Avenue ("The Pacific Building")

Seattle, WA


Property Overview

Brickman acquired the fee-simple interest in Pacific Building in October 2014. The asset is a 23-story office building totaling 133,190 square feet and six levels of structured parking located on floors 2 – 7 of the Property, providing 216 spaces and offering 1.6 stalls per 1,000 rentable square feet, significantly higher than most parking ratios in Downtown Seattle. The Property was built in 1971, partially renovated from 2008 to 2014 and is located at 720 3rd Avenue Seattle, WA. Pacific Building is located in the heart of Seattle’s central business district strategically located next to numerous transportation options including ferry system, light rail, bus and major roadways. Downtown Seattle continues to have an improving creative office market with significant positive absorption recently due to the employee's desire to work in an urban environment with rich amenities.

 

Property type: Office

Investment type: Equity

Size: 133,190 SF

Investment date: October 2014

720 3rd Avenue