215 Columbia
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215 Columbia
Seattle, WA
52,000 square foot office building
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Meriwether acquired 215 Columbia in September 2012. The 5-story office building is located in downtown Seattle at the corner of 3rd and Columbia. It was 96% vacant at the time of acquisition. Prior to closing, negotiations were underway with SEIU 775 NW for the vacant 50,000 square feet of office space. The tenant signed a long-term lease in December 2012. Meriwether sold 215 Columbia in June 2016 to SEIU 775 NW, generating an IRR of 19% and a 1.8x equity multiple.