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Kilroy Claims Seattle Site for $133M, Plans 900K-SF MXU Near Amazon HQ
Kilroy Realty Corp. acquired a 1.37-acre, five parcel land site in Seattle’s CBD near Amazon’s main corporate HQ from Vance Corp. for $133 million. The Los Angeles-based REIT plans to develop a state-of-the-art mixed-use project consisting of roughly 900,000 square feet of office, including the full restoration of the 10-story Lloyd Building, and 25,000 square feet of street-level food and beverage retail.
The parcel addresses are 500 and 600 Olive Way, 601 Stewart St., 1825 7th Ave. and 1818 6th Ave. The site is home to a 31,000-square-foot building leased to Bank of America, the historic 47,000-square-foot Lloyd Building, three surface parking lots and a parking structure.
Kilroy’s John Kilroy says, “We are strong believers in Seattle and hope to continue to grow in this market over time. This opportunity fits our investment thesis well: extremely well-located, unsurpassed transportation options and surrounded by world-class tenants and amenities.”
NKF’s Kevin Shannon, Ken White, Michael Moll, Tim O’Keefe, Paul Sleeth, Billy Sleeth, Jesse Ottele, Erika Koehler and Anne Marie Koehler represented the seller. The buyer was self-represented.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development
- ◦Sale/Acquisition


