Newmark Facilitates Sale of Historic Coliseum Building in Seattle, Washington

July 22, 2024 9:00 AM

Newmark announces it has arranged the sale of the historic Coliseum Building, located at 1506 5th Avenue in downtown Seattle. The property is at the corner of 5th Avenue and Pike Street, adjacent to Nordstrom’s flagship store and just one block from Westlake Center.

Newmark Executive Managing Directors Billy Sleeth and Paul Sleeth represented the private seller, Coliseum Building LLC, in the transaction. The buyer, Promethia Holdings LLC, purchased the property for $8.9 million.

The Coliseum Building, spanning 16,200 rentable square feet, is one of the most iconic buildings in Seattle. The property benefits from its hard corner location on Pike Street and 5th Avenue, providing excellent visibility and access.

More than 25,000 vehicles pass by the Coliseum Building daily, and it is surrounded by a daytime population exceeding 240,000. It is also minutes away from Seattle’s highly desirable neighborhoods such as Queen Anne, South Lake Union, Capitol Hill, Madison Park and Pioneer Square.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of March 31, 2024, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,600 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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