SEATTLE—HFF has closed the $73.75 million sale of Smith Tower, a 268,748-square-foot, historic office tower and adjacent two-story Florence Building in Pioneer Square in downtown Seattle.
HFF marketed the property on behalf of the seller and sold the property to Unico Properties LLC, a Seattle-based real estate investment and operating company. Additionally, HFF placed a bank loan on behalf of the buyer with a foreign bank. The deal was announced Tuesday.
JLL Capital Markets also said Tuesday that it had moved the 15-story Blanchard Plaza in downtown Seatlle. JLL says Seattle's low unemployment pushed sales of office properties in late 2014.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
