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Seattle & Northwest  + Office  | 

CBRE Completes $52M Sale of Terry Thomas Building in Seattle’s SLU

The Terry Thomas building, a single-tenant office property in Seattle’s South Lake Union neighborhood traded hands for $52.15 million. The buyer was a newly raised core fund advised by Zurich Alternative Asset Management (ZAAM), while the seller was a group of private local investors that includes Mike Hess of Hess Callahan Partners and Mark Grey of Stephen Grey & Associates.

ZAAM was represented by Thomas Buffa, and Sean Bannon. Buffa says of the acquisition, “We recently set out to grow our real estate holdings in Seattle and are pleased to add Terry Thomas to our national portfolio; this asset is a strong combination of term, credit and location.”

Located at 225 Terry Ave. N., the four-story LEED Gold-certified building was originally constructed in 2008. The 44,445-square-foot property is fully leased to Northeastern University.

CBRE’s Tom Pehl, Lou Senini, Chais Lowell, Paige Morgan, Charles Safley, Thuy Tran, Brandon McMenomy, Brad Zampa and Mike Walker arranged the sale.

For comments, questions or concerns, please contact Dennis Kaiser
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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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