Shorenstein Properties buys asset in Downtown Seattle

Shorenstein Properties has acquired 2601 Elliott, a six-story, 345,000-square-foot class A office building located within the Seattle Waterfront district that is 90 percent leased to Zulily LLC. Terms of the transaction were not disclosed.

Located in downtown Seattle with unobstructed views of Elliott Bay and the Olympic Mountains, 2601 Elliott is a unique building with historic charm and features that differentiate it from much of the high-rise inventory, including 60,000-square-foot floor plates and 15-foot ceiling heights. The property is within walking distance of numerous amenities, including the Pike Place Market, Olympic Sculpture Park, and several restaurants, hotels and boutique shopping stores. The Seattle Waterfront district, known as an emerging dynamic hub for high-tech and biotech companies, is currently undergoing a multi-billion dollar transformation, following the removal of the Alaskan Way Viaduct that will energize the waterfront with a pedestrian park prom