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$75-Mil Downtown Retail Block on Market

SEATTLE, WA-The165,000-sf Meridian West in the Downtown core is the latest major chunk of Seattle real estate to come to market. Rosche Finanz is looking to unload the retail property after fewer than five years.

By Janet Parker | Updated on December 04, 2001

SEATTLE, WA-October saw Martin Selig moving to sell-off three million square feet of Seattle offices. In November, Fisher Communications Inc. announced it intends to unload five office and four industrial properties anticipated to fetch $150 million. Now, in the height of the holiday-shopping season, Germany-based Rosche Finanz is opting out of Meridian West, a retail block in the heart of downtown.

The 165,768-sf complex on a 25,606-sf site takes up much of the block bounded by Pike and Pine Streets at the 1500 blocks of Fifth and Sixth Avenues. It sports such name-brand tenants as Nike Town and GameWorks.

According to documents provided by the Bellevue office of First American Title, Rosche Meridian paid $78 million in February 1977 for the new complex constructed by developer Told Development of Minnesota.

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