January 14, 2020
Martin Smith Inc. acquired the five-story, 33,300-square-foot Maynard Building, located in Seattle’s historic Pioneer Square district. Vancouver, BC-based Nicola Wealth sold the asset at 119 1st Ave. for $8,375,000.
Nicola Wealth is one of the largest private equity commercial real estate investors and managers in Canada. The company is an active owner and operator of commercial properties in the Seattle region.
Kidder Mathews’ Dave Speers and Andy Miller represented the sellers.
The sale of the Maynard Building represents the second of two Pioneer Square property dispositions planned by Nicola Wealth in mid-2019. The prior sale of Nicola Wealth’s Seattle Quilt Building, for $13,575,000 to Trinity Real Estate, closed in September. Speers and Miller represented Nicola Wealth in that transaction as well.
For comments, questions or concerns, please contact Dennis Kaiser