> Seattle's historic Smith Tower sold to local ownership group
Seattle's historic Smith Tower sold to local ownership group
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Description
Seattle’s iconic Smith Tower has been sold to a local ownership group a year after it was put up on the market.
The historic skyscraper, which used to be the tallest building on the West Coast, was bought by a group of local investors led by Seattle-based GT Capital, which also includes prominent Seattle families and local investment firms Freestone Capital Management and Evergreen Ventures.
The tower was last sold in 2019 and was owned by Goldman Sachs and Unico Properties. The investment bank Eastdil Secured confirmed to KING 5 in 2023 that they were marketing the tower and that it was “unpriced.”
Read more: https://www.king5.com/article/news/local/seattle/seattles-historic-smith-tower-sold/281-e0e333ae-da09-4233-bb6c-54b49000c543