SEATTLE – Seattle-based, Urban Renaissance Group LLC and KKR have acquired a mixed-use building at 300 Pine St. in downtown Seattle. The property reportedly traded for $580 million, according to Bloomberg.
Situated on a full city block between 3rd Ave. and 4th Ave., the 770,000-square-foot, landmark building will undergo extensive renovations.
The renovated eight-story property will feature 85,000 square feet of ground-floor retail space, 682,000 square feet of office space and a 20,000-square-foot rooftop deck.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.