The asset, which is located across the street from the Murano Hotel in the heart of downtown Tacoma, had various upgrades made in 2017 including a repainted building exterior remodeling of several floors and lobby and common area upgrades. Some of the current tenants include The Bank of New York Mellon, American Cancer Society and Merit Harbor Capital. One of the largest office buildings in Downtown Tacoma, 1313 Broadway Plaza offers floor plates of 17,108 square feet and on-site structured parking.Īccording to the property listing written by Kidder Mathews, the asset-described as a multi-tenant value-add investment opportunity-is currently 76 percent occupied. The asset, called 1313 Broadway Plaza and located at 1313 Broadway, is a six-story, multi-tenant asset constructed in 1977 that totals 93,000 square feet, according to the property listing on. The transaction was recorded on October 5th. The seller was 1313 Broadway LLC, an entity associated with Howard Freedman that shares the same address as PF Financial Services Inc., a real estate agency based in New York. The buyer was X2 Broadway LLC, an entity affiliated with Luke P. On Tuesday, October 2nd, the 1313 Broadway Plaza Building sold for $12.5 million, or approximately $134 per square foot, Pierce County records show. And a Class A office property in downtown Tacoma recently changed hands. Tacoma, a city on the southern edge of Commencement Bay on the banks of the Puget Sound, is an area in transition.
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