Home Commercial Seattle Property in Pioneer Square Trades for $8.4MM

Seattle Property in Pioneer Square Trades for $8.4MM

Kidder Mathews, Seattle, Pioneer Square, Martin Smith, Nicola Wealth, Maynard Building

Seattle, Wash. (January 6, 2020) – Kidder Mathews has announced the sale of the five-story, 33,300 square foot Maynard Building, located in the historic Pioneer Square district of Seattle. The buyer, Martin Smith Inc., purchased the building for $8,375,000. Dave Speers and Andy Miller, executive vice presidents with Kidder Mathews, represented the sellers, Nicola Wealth of Vancouver, in the transaction.

Nicola Wealth of Vancouver is one of the largest private equity commercial real estate investors and managers in Canada. The Company is an active owner and operator of commercial properties in the Seattle region. 

The sale of the Maynard Building represents the second of two Pioneer Square property dispositions planned by Nicola Wealth in mid-2019. The prior sale of Nicola Wealth’s Seattle Quilt Building, for $13,575,000 to Trinity Real Estate, closed in September. Speers and Miller represented Nicola Wealth it that transaction as well.

About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with 800 real estate professionals and staff in 22 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 $9 billion in transactions, manages over 70 million square feet of space, and conducts over 1,600 appraisals annually.