logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Global
  • Global
  • United States
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Segments

      Advisory Services

      Global Workplace Solutions

      Real Estate Investments

      • Advisory & Transaction Services
      • Capital Markets
      • Project Management
      • Property Management
      • Valuation & Advisory Services
      • Advisory & Transaction Services | Occupier
      • Client Strategy & Consulting
      • Facilities Management
      • Project Management
      • Development Services (Trammell Crow Company)
      • Flexible Space Solutions (Hana)
      • Investment Management (CBRE Global Investors)
    • Services for Investors
      • Alternative Investments Practice
      • Forecasting & Analytics
      • Investment Banking
      • Property Management
      • Debt & Structured Finance
      • Host
      • Leasing & Advisory
      • Property Sales
      • Energy & Sustainability
      • Investment Accounting & Reporting Solutions
      • Loan Servicing
      • Valuation & Advisory
    • Services for Occupiers
      • Client Strategy and Consulting
      • Host
      • Location Incentives
      • Valuation & Advisory
      • Energy & Sustainability
      • Labor Analytics
      • Project Management
      • Workplace
      • Facilities Management
      • Leasing & Advisory
      • Space Enablement
    • Asset Types & Specialties
      • Office
      • Data Centers
      • Multifamily
      • Industrial & Logistics
      • Golf & Resort Properties
      • Omnichannel
      • Retail
      • CBRE Hotels
      • Residential
    • Industry Sectors
      • Industrial & Logistics
      • Energy, Oil & Gas
      • Life Sciences
      • Retail
      • Financial Services
      • Data Centers
      • Healthcare
  • Properties
  • Research & Insight
    • Latest Global Research & Reports
      The Way Forward
      Weekly Insights
      Reopening the World's Workplaces
      COVID Resource Center
  • People & Offices
  • About CBRE
    • Careers
      Case Studies
      Corporate Information
      Corporate Responsibility
      Executive Leadership
      Investor Relations
      Media Center
      Suppliers

Next

Press Release
CBRE Group, Inc. Named Top Real Estate Brand in Lipsey Survey for 20th Consecutive Year
  • Home
  • About CBRE
  • Media Center
  • CBRE Organizes $10.8 Million Sale of Transit Oriented Development in Seattle, WA

CBRE Organizes $10.8 Million Sale of Transit Oriented Development in Seattle, WA

Seattle, WA | December 26, 2018
  • Email
  • Share
  • Tweet
  • Share

A Capital Markets team out of CBRE’s Seattle office has arranged the sale of the 14,025-square-foot (sq. ft.), transit-oriented development (TOD) site in the heart of the U-District.

The CBRE team of Frank Bol, Eli Hanacek, Kyle Yamamoto, Mark Zoffel and Joe Steele, represented Washington Federal Bank, the seller in the transaction. MRM of Bellevue was the buyer in the transaction. The site sold for a total of $10.8 million, equivalent to $770 per sq. ft.

Located at 1200 NE 45th Street in the University District Urban Center, the property is permitted for high-density residential, hotel and office development. The site is adjacent to the planned light rail station, perfectly positioned to benefit from the massive redevelopment expected to occur in the U-District. In addition to the light rail expansion, the City’s desire to make the U-District into an innovation district, similar to South Lake Union, has resulted in an extensive rezoning of the area to encourage high-density development.

The University of Washington has followed suit and is in the process of approving a master plan to allow for the expansion of its education, research, and office facilities. These changes, along with the explosive growth occurring in the downtown Seattle area, provides for an attractive opportunity to develop in one of the most dynamic neighborhoods in Seattle.

 
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Media Contacts

Sara Johnston headshot
Sara Johnston
Corporate Communications, Mountain-Northwest Division
+1 303 2641912
+1 660 3499498
+1 303 6281751
  • About Us
  • Careers
  • Case Studies
  • Corporate Info
  • Corporate Responsibility
  • Investor Relations
  • Executive Team
  • Media Center
  • Contact Us
  • Global Web Privacy and Cookie Policy
  • Sitemap
  • Terms of Use
  • Our Response to SCHREMS II
  • Twitter
  • Facebook
  • LinkedIn