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CIM Claims Dexter Horton Building in Seattle for $151M
Los Angeles-based CIM Group acquired the Dexter Horton Building, a 15-story, roughly 335,000-square-foot Art Deco office building in Downtown Seattle from San Francisco-based Pacific Eagle Holdings for a reported $151 million. The asset has ground floor retail, and is located at the southern edge of the CBD and the northern border of the historic Pioneer Square.
Built in 1924 for the first bank in Seattle, this historic building at 710 2nd Ave. was extensively renovated in 2002 and again in 2015. The most recent renovation enhanced the building amenities, adding a penthouse lounge and rooftop deck, bike storage, shower and locker rooms, and an indoor dog lounge.
The acquisition of the Dexter Horton Building adds to CIM’s Seattle portfolio that currently includes One Convention Place, a 17-story, approximately 312,000-square-foot Class A office building; and the Pine Street Garage, an 844-stall garage above roughly 20,000 square feet of retail space at 1601 3rd Avenue.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
