Cushman & Wakefield has announced the sale of Queen Anne Plaza, a four-story office building in Seattle’s central business district. The property, located in the Lower Queen Anne (Uptown) neighborhood, will undergo an office-to-residential conversion – making it Seattle’s first since the pandemic began.
The firm represented both parties involved in the transaction: Stream Real Estate as buyer and East West Investment Company Inc. as seller. The 52,270-square-foot building also includes two levels of parking and is situated across from Climate Pledge Arena.
According to Cushman & Wakefield representatives Dan Chhan, Tim McKay, Sam Wayne,and Matt Kemper,the vacant property was an ideal candidate for conversion due to its location and size. With no existing tenants to consider,CushWake believes that Stream Real Estate will be able to quickly execute their transformation plan without any obstacles.
Stream Real Estate is known for their commitment towards sustainability; all of their properties are LEED® certified and they strive towards carbon neutrality on a continual basis.
