Seattle's Pacific Place sold for $271 million

Seattle's Pacific Place sold for $271 million

Credit: Joe Mabel via Wikimedia Commons

Seattle's Pacific Place sold for $271 million

Print
Email
|

by ELIZABETH WILEY / KING 5 News

KING5.com

Posted on July 14, 2014 at 3:58 PM

Updated Monday, Jul 14 at 4:14 PM

Pacific Place, the six-story shopping center in downtown Seattle, sold for $271 million on Monday. The underground garage, which contains 1,200 stalls, is still owned by the city.

It was purchased by an entity controlled by real-estate investment firm Madison Marquette, according to the Seattle Times.

Pine Street Development put the shopping center up for sale in January, the Seattle Times said. The seller will donate part of the sale to the United Way of King County.

According to its website, the D.C.-based retail real estate investor has other local properties including Broadway Market, Bellevue Galleria and Town Center at Lake Forest Park.

Pacific Place includes a number of clothing stores, restaurants, a Barnes and Noble and an AMC movie theater.
 

Print
Email
|