Seattle, Wash. (October 2, 2018) – The Broderick Building and MiKen Building, two historic Seattle office buildings totaling 86,310 square feet, have sold for $35,050,000. The buyer was Brickman Real Estate, a New York-based real estate investor and operator with a current office portfolio of 2.3 million square feet in eight markets across the United States. Kidder Mathews commercial real estate brokers, Andy Miller and Dave Speers, represented Brickman Real Estate in the transaction. The properties were sold by MDC Realty Advisors, a private commercial real estate company that focuses on commercial real estate in both the United States and Canada, including retail, office, industrial, multifamily, and mixed-use projects. MDC and its affiliates currently manage approximately $2.8 billion in assets under management and 12 million square feet of commercial real estate in Canada and the United States.
The MiKen Building, located at 1417 Fourth Avenue in downtown Seattle, is an eight-story, 46,859 square foot office and retail building. It was built in 1908 and renovated in 1999. The Broderick Building, located at 615 Second Avenue in the heart of Pioneer Square, is a seven-story office building totaling 69,451 square feet. It was built in 1900.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with over 700 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $7 billion in transactions, manages over 50 million square feet of space, and conducts over 1,500 appraisals annually. For more information, visit kiddermathews.com.