Seattle, WA
Purchased by TRF in 1997
Purchase and hold for redevelopment
Sold as part of larger assemblage in 2016
Optional content for an award, press, or notable feature
A Neighborhood Partnership with Long-Term Vision
What began as a single, mid-block building in downtown Seattle became a strategic land assembly that delivered strong returns—thanks to TRF’s patient approach and focus on building relationships.
TRF purchased the first parcel in 1997 with a tenant in place, recognizing its long-term potential in a growing urban neighborhood. Over the following years, adjacent properties became available, allowing TRF to expand its footprint incrementally. As tenants began to relocate, TRF anticipated the opportunity to reposition the site and approached a neighboring property owner to explore a partnership.
That collaboration ultimately enabled the sale of the combined parcels as a single development opportunity—unlocking greater value for all involved. The assemblage secured a 30% return for investor groups and reflected TRF’s ability to align market timing, property operations, and strategic partnerships to create lasting impact.
