Monday, May 10, 2010

Urban Visions Announces Sale of The Reedo Building

Urban Visions is pleased to announce the sale of The Reedo Building to Reedo LP, a limited partnership based out of Vancouver BC.  The $14,500,000 sales price works out to approximately $271 PSF on 53,600 SF.  The structure is 100% leased. 

Urban Visions finished redeveloping the Reedo Building in 2006; Elysian Fields leased the retail component and Starbucks' Corporate leased the office space.  The building, which was a finalist in the 2006 Office Building of the Year awards, is one  of the pioneers in Seattle's green building movement.