Zoned for multiple uses, the property was one of the largest commercial property offerings within Seattle city limits in decades. GVA Kidder Mathews was hired in December 2006 to market the property located at the south end of Boeing Field between I-5 and East Marginal Way.
At that time, 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. Tukwila, WA-based Sabey Corp. officially entered exclusive negotiations with AG in mid-February.
Jason Rosauer and Dave Speers of GVA Kidder Mathews had the disposition assignment for AG. Rosauer tells GlobeSt.com that there were a number of factors taken into consideration, including the leaseback, surety of a quick close and long-term relationships. "If it was just strictly about price, the nine-figure number may or may not have been achievable," he says. "Ultimately, it became more than just a number."
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