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Intracorp Buys Pioneer Square Assets for $53M

SEATTLE-Bought with the help of a $26.6-million loan from GE Real Estate, the four-property office portfolio totals 229,325 sf and is approximately 90% leased

By Brian K. Miller | Updated on October 30, 2007

SEATTLE-Intracorp has acquired a portfolio of older office buildings in the Pioneer Square area here from the Goodman family for $53 million in cash and debt. The portfolio includes four buildings with a combined 229,325 sf (net rentable) that is approximately 90% leased.

The buildings are located at the south end of Downtown, near the sports stadiums. The properties are known as the FX McRory’s Building, Grand Central Building, Seattle Quilt Building and the Maynard Building. Don Fosseen, Lou Senini, Dan Dahl and Dave Gurry with CB Richard Ellis brokered the sale.

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