Description

Colliers, as exclusive advisor, is pleased to present the opportunity to acquire an 11.3% interest in the first-mortgage (the “Loan“) secured by 999 Third Avenue, a 985,958 square foot, 47-story Class A office tower occupying a full city block in downtown Seattle.

999 Third Avenue is one of Seattle’s most recognizable office addresses — an institutional-scale landmark built in 1981 and comprehensively renovated in 2019–2021. The Property is anchored by DocuSign (108,226 RSF) and Wells Fargo (86,473 RSF), with a diversified tenant roster spanning financial services, legal, and technology sectors. Currently 56% occupied with efficient ~22,000 SF floor plates, the asset presents a compelling value-add leasing opportunity as Seattle’s CBD continues to stabilize and flight-to-quality demand accelerates.

The offering represents a rare opportunity to acquire a pro rata interest in a fully restructured, institutionally sponsored loan at an attractive basis. Investors step into a right-sized debt position on a generational Seattle asset in one of the nation’s top technology and knowledge economy markets.