CBRE Arranges Sale of Four-Story Retail Building in Downtown Seattle

CBRE facilitated the $8 million sale of 601 Pine St. in downtown Seattle. CBRE’s Dino Christophilis and Daniel Tibeau represented the seller, L&B Realty Advisors, LLP.

“L&B Realty Advisors has been proud to steward this asset on behalf of our client for more than two decades. Our team remained deeply committed to preserving the property’s performance and positioning it for long-term success. We’re pleased to transition 601 Pine to new ownership, poised to continue its legacy in downtown Seattle,” said Stacie Crown, L&B’s Managing Partner.

The 67,578 square foot building is situated on 0.35 acres of land, just a block away from Westlake Center, and in the core of Seattle’s Central Business District.

“A lot of great things are happening in the Pine/Pike retail corridor, and we are honored to represent the sale of an iconic Seattle property. We believe in the long-term success of downtown Seattle, and the buyer, a well-known Seattle-based developer, fully shares this perspective. The building has long supported successful retailers, including Forever 21 and Gene Juarez,” said Christophilis, senior vice president at CBRE.

Christophilis continued, “The buyer plans to extensively renovate the building in preparation for new retailers. We are excited to watch the progress at the property level and believe 601 Pine’s leasing momentum could be the catalyst for attracting other national retailers to downtown Seattle.”