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Newmark Arranges Sale of Coliseum Building in Seattle
Newmark has arranged the sale of the historic Coliseum Building, located at 1506 5th Avenue in downtown Seattle. The property is at the corner of 5th Avenue and Pike Street, adjacent to Nordstrom’s flagship store and just one block from Westlake Center.
In April, Newmark put the 36,904-square-foot retail building, which is listed on the National Register of Historic Places, up for auction. Newmark Executive Managing Directors Billy Sleeth and Paul Sleeth represented the private seller, Coliseum Building LLC, in the transaction. The buyer, Promethia Holdings LLC, purchased the property for $8.9 million.
The Coliseum Building, with 16,200 rentable square feet, is one of Seattle’s most iconic buildings. The property benefits from its hard corner location on Pike Street and 5th Avenue, which provides excellent visibility and access.
