The Amazon-leased property is located at 325 Ninth Ave. North in the South Lake Union submarket.
SEATTLE—Amazon at Apollo, a 12-story creative office building totaling 317,804 square feet, has recently sold to a joint venture between Tristar Capital LLC and RFR Holding. The purchase price was undisclosed.
Located at 325 Ninth Ave. North in the South Lake Union submarket, the asset was built in 2015 as a build-to-suit for Amazon which leases the project on a long-term basis. The LEED Gold-certified property is situated on .98 acres.
Newmark Knight Frank's co-head of US capital markets Kevin Shannon, vice chairman Nick Kucha, executive managing directors Ken White and Rob Hannan, senior managing director Michael Moll, and vice chairman Alex Foshay, in cooperation with NKF local market expert executive managing director Jesse Ottele, represented the seller, Mirae Asset Global Investments. The JV buyer was self-represented.
Olshan Frome Wolosky Real Estate partner Eric Goldberg, assisted by partner Dov Brandstatter, counsel Amy Lu, associates Bryan Anderson and Sarah Matchett and law clerk Vesna Naidoo-Chinsammy represented Apollo Eight LLC on the ground lease of 325 Ninth Ave. North, net leased to Amazon. Apollo Eight is a joint venture of Tristar Capital (David Edelstein) and RFR Holding Corp. (Aby Rosen and Michael Fuchs).
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
