Newmark has successfully facilitated the sale of Seattle’s historic Coliseum Building. The property, situated at 1506 5th Avenue in downtown Seattle, is located at the intersection of 5th Avenue and Pike Street. It is adjacent to Nordstrom’s flagship store and just one block away from Westlake Center.
In April, Newmark listed the retail building for auction. This iconic structure spans over 36,904 square feet and is listed on the National Register of Historic Places. Represented by Executive Managing Directors Billy Sleeth and Paul Sleeth, private seller Coliseum Building LLC completed the transaction with buyer Promethia Holdings LLC for $8.9 million.
The renowned Coliseum Building boasts a rentable area of approximately 16,200 square feet making it one of Seattle’s most recognizable landmarks. Its prime location on Pike Street and 5th Avenue offers exceptional visibility and accessibility for potential tenants or buyers.
This news was originally reported by Connect CRE but has been rewritten to provide a more concise summary.
