Blanchard Plaza Changes Hands

SEATTLE—JLL’s regional capital markets team has closed on the sale of Blanchard Plaza to an institutional investor. The seller was Shorenstein Properties, which initiated an interior renovation of the property positioning it as a first-class trophy asset located adjacent to Amazon’s 4.1 million square foot downtown campus expansion.  The building is fully leased to Amazon on a long-term basis.

“Situated at the nexus of three of Seattle’s most desirable submarkets, this building was a solid performer in a great location, but after undergoing careful repositioning of the asset itself by the seller, it has now become a truly core investment which attracted a tremendous amount of investor interest,” said Lori Hill, managing director, JLL.

The 15-story, 255,818 s.f. class A office building is located at 2201 Sixth Avenue in the center of Seattle’s tech office market.  The building offers sweeping 360 degree views including Puget Sound, the Olympic Mountains, Lake Union and downtown Seattle. The JLL team included Hill, Stuart Williams, Michel Seifer and David Otis.