University District Building

July 22, 2016

Nicola Crosby, a subsidiary of Nicola Wealth Management Ltd., is pleased to announce the acquisition of the University District Building located at 1107 NE 45th Street in Seattle, Washington.

The University District Building is comprised of 80,205 sf of office space, located in the heart of Seattle’s “U District”, immediately adjacent to the University of Washington campus. The property is 98% leased and the University occupies over 75% of this building. A light rail station is currently under construction two (2) blocks away, which will allow for long-term redevelopment potential.

Special Thanks to:
Broker – Jim Lovested and Dave Speers (Kidder Mathews)

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.”