Cushman & Wakefield | Commerce Lands Property Management Contract for Historic Seattle Office Building
SEATTLE—June 1, 2015—The Seattle office of Cushman & Wakefield | Commerce today announced that it has been awarded the property management contract for the Central Building located at 810 3rd Avenue in Seattle by the owners, KBS Strategic Opportunity REIT, and affiliate of KBS in Newport Beach, California.
Built in 1907, the Central Building is an elegant eight-story, 191,784 square-foot office building located in the heart of Seattle’s original central business district. The property is currently 92 percent occupied with offices and a ground-floor retail component. The building was designated a historic landmark in 2008 following a five-year period of renovation and upgrades.
“We are pleased that KBS has recognized Cushman & Wakefield | Commerce’s proficiencies in our firm’s property management services,” said John Fox, General Manager of Asset Services for Cushman & Wakefield | Commerce. “This new agreement is a reflection of our commitment to providing top-tier property management talent and service for our clients.”
Fox, as well as Janice Davis, Senior Property Manager, will represent the Cushman & Wakefield | Commerce team in managing the Central Building. This latest assignment adds to Cushman & Wakefield’s existing portfolio involving approximately 1 million square feet of property under management in the Puget Sound market. Along with its sister company, Cushman & Wakefield | Northmarq, the firm manages more than 52 million square feet of retail, industrial, and office assets throughout the U.S.
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About Cushman & Wakefield | Commerce
Cushman & Wakefield | Commerce, headquartered in Salt Lake City, Utah is an independently owned and operated member of the Cushman & Wakefield Alliance with offices throughout Utah, Nevada, Washington and Idaho. The firm partners with its sister company Cushman & Wakefield | NorthMarq to provide innovative commercial real estate solutions to occupier and investor clients, offering transaction services, capital markets services, occupier and investor services, and real estate advisory. Together the firms manage more than 52 million sq. ft. of retail, industrial, and office assets, have annual revenues of more than $100 million, and employ more than 750 professionals. Learn more at www.comre.com; www.cushwakenm.com. C&W | Commerce and C&W | NorthMarq are part of the Cushman & Wakefield platform, which is the world’s largest privately-held commercial real estate services firm with 250 offices in 60 countries globally. www.cushmanwakefield.com.
About Cushman & Wakefield
Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 259 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management. To learn more, click HERE.