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August 27, 2018

Interbay Work Lofts sold for $19.5M

By BRIAN MILLER
Journal Staff Reporter

Photo by Goodman Real Estate [enlarge]
Goodman and Grimm built Interbay Work Lofts on spec, after a prospective health-care tenant dropped out before the recession.

Interbay Work Lofts, at 1631 15th Ave. W., has sold for almost $19.5 million, according to King County records. The seller was 1631 15th Ave W LLC, a venture of Goodman Real Estate and Fred Grimm (formerly of Triad), which acquired the land in 2000 for $760,000 and developed it a dozen years later.


 
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