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GDA Real Estate Buys Second Seattle Property

SEATTLE, WA-The First Avenue West Building is fully occupied with numerous small tenants, but 10,000 sf will be coming available in the near future at $30 per sf gross. GDA's other Seattle property is a 70,000-sf office building at 2505 Second Ave.

By Janet Parker | Updated on November 30, 2000

SEATTLE, WA-Inglewood, CO-based real estate investment firm GDA Real Estate has made its second Seattle office acquisition. GDA says it acquired the 62,000-sf First Avenue West Building from First Avenue West Building LLC for $12.75 million. Tim Foster and Rich Mermelstein of Colliers International represented the buyer.

Foster tells GlobeSt.com that the building is fully occupied with numerous small tenants, but that 10,000 sf will be coming available in the near future. It is being marketed at $30 per sf gross, says Foster. GDA’s first acquisition was the 70,000-sf office building at 2505 Second Avenue in Downtown Seattle.

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