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Sabey Corp Buying 1M-SF Associated Grocers HQ

SEATTLE-Located at the south end of Boeing field and zoned for multiple uses, the 55-acre property is one of the largest urban commercial property offerings here in decades.

By Brian K. Miller | Updated on February 13, 2007

SEATTLE-Locally based Sabey Corp. has emerged as the buyer of Associated grocers 55-acre, 1.05 million-sf headquarters. Located at the south end of Boeing field and zoned for multiple uses, the property is one of the largest commercial property offerings within Seattle city limits in decades.

Associated Grocers, which serves independent grocers and supermarket chains throughout the Northwest, Alaska and Pacific Islands, has run its Puget Sound wholesale food distribution operations at this location since 1952. The property contains 975,000 sf of warehouse-distribution buildings and 75,000 sf of office space.

None of the parties involved are discussing the sale price publicly because the transaction has not yet closed. When the property came to market in December, one local investment broker told GlobeSt.com that the sale price would be “a healthy nine-figure number,” which was to say well over $100 million.

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