Acquisitions

1550 Building Acquired in Seattle

May 4, 2016

Office

1550 4th Avenue South, Seattle

Purchased: 2016

Spire US LP Equity Interest: 100%

The 1550 Building is located in the Pioneer Square/SoDo submarket, south of the Seattle CBD and is adjacent to the Seattle Mariners stadium, the Seattle Seahawks stadium, the proposed new NBA/NHL arena and the entertainment district. The 47,368 sf property is 100% leased with the Washington State Department of Corrections occupying the entire office component.

Special Thanks to:
Broker – Bret Jordan and Pat Mutzel (Colliers)
Financing – Brian Bonipart, Skip Slavin and Mike Taylor (Newmark Realty Capital)

For more information, please contact any of the following:

About Nicola Wealth Real Estate

Nicola Wealth Real Estate is the in-house real estate division of Nicola Wealth. Our team acquires and manages properties for Nicola Wealth’s real estate portfolios. We are an experienced team with a disciplined approach, dedicated to building high quality real estate portfolios that are diversified both geographically and by asset type.

About SPIRE Real Estate Portfolios

SPIRE Real Estate LP is an investment portfolio comprised of retail, industrial, office, multi-family, seniors and self-storage properties totaling 3.7 million square feet located in major Canadian markets. SPIRE US LP is an investment portfolio comprised of office, retail and industrial properties located in Seattle, San Francisco, Denver, Phoenix, Houston and Chicago. The portfolio also includes interests in over 14,000 multi-family apartment units located in the South and Southeast US. SPIRE Value Add LP is a new addition to the SPIRE and SPIRE US investment portfolios and focuses on generating returns through re-sale of investments in multiple projects using “value-add strategies.”