Home Industry News The Atwood in Downtown Seattle Sells for $14.9MM

The Atwood in Downtown Seattle Sells for $14.9MM

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Seattle, Colliers International, Pike Place Market, Colliers’ Seattle Multifamily Team, Cupcake Royale, Simply Seattle, Chocolate Box
Image courtesy of Colliers International

December 18, 2017, Seattle, WA – Dylan Simon and Jerrid Anderson of Colliers’ Seattle Multifamily Team, and Dave Schumacher of Colliers International, closed the sale of The Atwood in Downtown Seattle on Friday, December 15, 2017. The sales price of the mixed-use building was $14,900,000.

Built in 1909, The Atwood is an iconic mixed-use building anchoring one of Downtown Seattle’s most prominent corners, just steps from the internationally-known Pike Place Market. The property comprises 55 residential apartment units atop notable, local craft retailers Cupcake Royale, Simply Seattle, and Chocolate Box.

The sales price equates to nearly $500 per net rentable square foot—a milestone sale in the Seattle market for a building of its age.

Historically known as the Afton Hotel, The Atwood honors an exciting era of Seattle’s growth post-Klondike Gold Rush. More than a century later, at the confluence of a renaissance in downtown living, a vibrant technology employer ecosystem and a major reinvestment in the famous Pike Place Market, The Atwood is well poised to help shape Seattle’s next 100 years.

The Seattle Multifamily Team’s marketing materials best tell The Atwood’s story, and are considered best-in-industry in the marketing of commercial real estate investments. View the marketing video for The Atwood at www.BuyTheAtwood.com.

Dylan Simon, Executive Vice President; Jerrid Anderson, Senior Associate; and Dave Schumacher, Senior Vice President, of Colliers International’s Seattle office represented the seller, a private family that owned The Atwood for nearly a half-century. The buyer was not represented by a broker.

About Colliers International

Colliers International (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide.

Colliers’ Seattle Multifamily Team is based in downtown Seattle and comprises seven highly-qualified real estate professionals specializing in brokerage of apartment investments and developments in the Seattle and Puget Sound region. The team focuses on representing buyers and sellers of apartment buildings and development sites from 5 units to 500 units.