Queen Anne Square on Mercer Street in Queen Anne sold this week for $34 million. The owner, Legacy Partners sold the property to Stockbridge Capital Group of California. The property is comprised of two buildings with a combined 155,766 sf. The building is currently over 95% leased and is primarily office space.
Queen Anne residents beware! Last night the Seattle Department of Transportation began construction at Mercer Street and Ninth Avenue North that will result in closure of up to three lanes. The lanes will be closed from 7:oo p.m. until 5:00 a.m. for up to three weeks in order to install underground utilities. This activity is part of the massive Mercer Corridor Project underway in Seattle. For an update on the project, click here.
Fisher Plaza in Queen Anne is for sale, reported the Puget Sound Business Journal today. The building was previously for sale, but taken off the market in 2008. In 2010, the estimated worth was $106 million, and Fisher Communications Inc. leases less than half of the building’s space. Read the full article here.
The Coe Cares project from Coe Elementary is holding a bake sale this Sunday to raise funds for Japanese relief efforts after the recent tsunami. Proceeds will go the non-profit organization Doctors Without Borders. The bake sale will run from 1:00 pm until 4:00 pm and baked goods are still needed. So if you’ve got grandma’s secret chocolate chip cookie recipe, put it good use and help to aid those in need. If you simply want to buy baked goods or make donations, visit the sale in front of the Queen Anne Avenue Starbucks this Sunday, March 20th.