SEATTLE—Long known for providing healthcare access for many downtown employees, the historic Medical Dental Building was recently sold by Goodman Real Estate Inc. for $113 million to Menashe Properties Inc. The approximately 300,000-square-foot office/medical building is located in the central business district within Seattle's key retail corridor, adjacent to Nordstrom's flagship store and a five-minute walk from Amazon's world headquarters campus.
The 18-story building was constructed in two phases in 1925 and 1950, renovated in 2008 and recently received more than $25 million in building upgrades, including new lobby finishes and the creation of a Wintergarden common area. The property includes a diverse roster of more than 130 professional tenants, primarily private medical/dental practices and office space. Bartell Drug Co., the country's largest and oldest family owned pharmacy headquartered in Seattle, anchors the building with a 12,606-square-foot ground-floor retail store. Additional major tenants include Deltek Inc. and The Polyclinic.
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