CIM Group has acquired the Sixth Avenue Garage, a 520-stall, 11-level parking structure in Downtown Seattle. Located at 1301 6th Ave. at the corner of University Street, the parking structure is at the base of the 256-room Hilton Downtown Seattle.
The Sixth Avenue Garage is connected to the 5th Avenue Concourse, an underground walkway spanning five blocks, which provides direct access to the Convention Center, One and Two Union Square office towers, Rainer Tower office building as well as the 5th Avenue Theatre, a landmark theater building hosting a variety of theater productions and motion pictures. The garage is also one block from the Rainer Square mixed-use development. Visitors to the garage also have convenient vehicular access next to the adjacent I-5 Expressway on-ramp.
CIM has been involved in the Seattle area for more than 10 years after it qualified the area for investment, and where CIM could utilize its broad expertise of owning, developing, repositioning,