Seattle, Wash. (July 13, 2017) – Vista Investment Group, a privately held commercial real estate investment company, has purchased Seattle Mart, an 82,218 square foot, 90% occupied, mixed-use creative office building, for $14,600,000. Kidder Mathews commercial real estate brokers, Andy Miller and Evan Lugar represented the seller, Lift Real Estate Partners, a private commercial real estate company, in the transaction.
Originally built in 1929, the building became part of Seattle’s history as Boeing’s first headquarters, Plant One. In 2015 it was completely renovated to take full advantage of the concrete, brick and beam character and leased to the Seattle Mart. The 3.57 acre site is strategically located at 200 SW Michigan Street in the dynamic Georgetown neighborhood south of the Seattle CBD.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with nearly 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 $5.6 billion in transactions, manages over 46 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit kiddermathews.com.
About Lift Real Estate Partners
Lift Partners is a full-service real estate investment company focused on the adaptive re-use and repositioning of commercial properties. Lift concentrates primarily on value-add, infill opportunities and opportunistic development along the West Coast. Headquartered in the Bay Area, Lift has a passion for taking underutilized properties and making great spaces. Most often we are doing this with technology tenants and creative end-users in mind. Our expertise is bringing the necessary skills through brokerage relationships, construction and market knowledge and thoughtful execution to create value for our investors. Our approach is applied not only to office projects but industrial, retail and mixed-use projects as well. Take the best of the old and refresh new. For more information, visit liftrp.com