215 Columbia

An old building on the corner of a street.
A large brick building on the corner of a street.
A large building with a lot of trees in front of it.
Meriwether Partners
215 Columbia

Seattle, WA

52,000 square foot office building

Meriwether Partners

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.