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Butterworth Building Bought by Pub Owners

SEATTLE-The owner of Kells Irish Pub buys one of the two adjoining buildings that houses its bar and restaurant operations here and inks a 10-year lease extension for the other.

By Brian K. Miller | Updated on November 06, 2005

SEATTLE-The owners of Kells Irish Pub have acquired one of two adjacent buildings here that houses their business. Through McAleese Properties LLC, the owners paid $2.95 million for the 17,015-sf Butterworth Building, which fronts both First Avenue and Post Alley in the Pike Place Market area.

Kells Irish Pub occupies 2,000 sf on the Post Alley side of the building that houses its bar. Kells occupies another 2,300 sf in the adjacent Alaska Trade Building that houses Kells restaurant. The seller of the Butterworth building, David Zarett (ATB LLC), owns both buildings.

Bob Swain of Puget Sound Properties, who represented the buyer, says it would have been nice for his client to have been able to purchase both buildings, “but it just wasn’t in the cards for the seller or the buyer at this point in time.” Eric Smith of Paragon Real Estate Advisers Inc. represented the seller, David Zarett (ATB LLC).

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