Cushman & Wakefield Arranges Sale of Lower Queen Anne MF Development Site
Cushman & Wakefield announced today that the real estate services firm has arranged the sale of 220 Elliott Avenue West, a 17,716-square-foot development site in Seattle’s Lower Queen Anne/Uptown neighborhood. The transaction was completed via court-appointed receivership.
Cushman & Wakefield’s Tim McKay, Dan Chhan, Matt Kemper, Byron Rosen, Jacob Odegard and Dylan Roeter represented the seller, J. Fanelli Properties, LLC, as receiver, in the transaction. 220 Elliott Avenue West is currently improved as a 91-stall surface parking lot generating consistent in-place income. The property is zoned SM-UP 85, allowing for high-density multifamily, office or hotel development.
The site’s elevated positioning provides views of Elliott Bay and the Olympic Mountains. The property is located within walking distance of Climate Pledge Arena and Seattle Center, and offers convenient access to downtown Seattle, South Lake Union and the waterfront. The Lower Queen Anne neighborhood continues to see strong residential and mixed-use demand driven by proximity to employment, entertainment and transit infrastructure.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout