{"id":1004142920,"date":"2016-04-29T02:46:57","date_gmt":"2016-04-29T10:46:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004142920"},"modified":"2022-03-03T00:56:08","modified_gmt":"2022-03-03T08:56:08","slug":"mack-real-estate-group-sells-1411-fourth-in-seattle-cbd","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mack-real-estate-group-sells-1411-fourth-in-seattle-cbd\/","title":{"rendered":"Mack Real Estate Group Sells 1411 Fourth in Seattle CBD"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p><strong>Seattle<\/strong>\u2013Omni Development Capital Corp. has recently completed the acquisition of one of the city\u2019s most iconic office buildings. Worth about $29.6 million, the 1411 Fourth office tower was purchased from an affiliate of Mack Real Estate Group. An <a href=\"https:\/\/www.hfflp.com\/\" rel=\"nofollow noopener\" target=\"_blank\">HFF<\/a> investment sales team led by Senior Managing Director Nick Kucha and Director Nick Kassab arranged the transaction on behalf of the seller. Mack Real Estate Group is currently focusing on the <a href=\"https:\/\/www.commercialsearch.com\/news\/multifamily\/\" target=\"_blank\" rel=\"noopener\">multifamily market<\/a>, leading the company to exit assets such as 1411 Fourth.<\/p>\n<div id=\"attachment_1004142923\" style=\"width: 250px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/1411-Fourth.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004142923\" data-attachment-id=\"1004142923\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mack-real-estate-group-sells-1411-fourth-in-seattle-cbd\/1411-fourth\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/1411-Fourth.jpg\" data-orig-size=\"640,800\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1411 Fourth\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1411 Fourth&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/1411-Fourth.jpg?w=640\" class=\"wp-image-1004142923 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/1411-Fourth.jpg\" alt=\"1411 Fourth\" width=\"240\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/1411-Fourth.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/1411-Fourth.jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a><p id=\"caption-attachment-1004142923\" class=\"wp-caption-text\">1411 Fourth<\/p><\/div>\n<p>Located in the city\u2019s central business district, the property totals 123,430 square feet of office space. 1411 Fourth was built in 1929 and occupies a 0.29-acre site in downtown <a href=\"https:\/\/www.commercialsearch.com\/news\/seattle\/\" target=\"_blank\" rel=\"noopener\">Seattle<\/a>, at the corner of 4<sup>th<\/sup> Avenue and Union Street. The 15-story building offers tenants flexible office space in an area with a 98 Walk Score. The building has floor plates ranging between 7,800 and 8,000 square feet, and also includes a street-level retail component.<\/p>\n<p>Nearby transit options are available at the 3<sup>rd<\/sup> Avenue corridor, as well as the I-5 and Highway 99. Pacific Place Mall, Pike Place Market and the Washington State Convention Center are also located in the vicinity of 1411 Fourth.<\/p>\n<p><em>Image courtesy of <a href=\"https:\/\/www.yardimatrix.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Yardi Matrix<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the seller pivots towards a multifamily-centric strategy, assets such as 1411 Fourth have to be traded. <\/p>\n","protected":false},"author":41,"featured_media":1004142923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1610,15],"tags":[],"class_list":["post-1004142920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-seattle","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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