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Shipping Terminal Site Trading Hands Again

SEATTLE-Martin Smith Development Corp. has reached a preliminary agreement for the sale of the eight-acre former Washington Oregon Shippers Cooperative Association terminal in Downtown Seattle.

By Michelle Savage | Updated on July 04, 2002

SEATTLE-The owner of the former Washington Oregon Shippers Cooperative Association terminal has reached a preliminary agreement to sell the eight-acre site to a car dealer.

After disputing with the Mariners over the site’s potential for redevelopment obstructing the ballpark’s views, Martin Smith Development Corp., the property owner of the WOSCA site, which is located at 1046 First Ave. S., has come to a sale agreement with Al Monjazeb, owner of Nissan, Land Rover, Lincoln and Mercury car dealerships in Seattle.

In 1998, Martin Smith Development Corp. paid about $10 million for the property. The company proposed a huge mixed-use project on the site earlier this year, the Mariners and the Public Facilities District associated with the stadium opposed the project, saying that project’s buildings would obstruct the ballpark’s views. After a long dispute, Martin Smith agreed to look into a smaller development.

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