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September 6, 2019

Seattle Quilt Building changes hands

  • A local investment group plans to renovate the apartments and shared spaces in the historic Pioneer Square structure.
    Real Estate Editor

    Photo by Brian Miller [enlarge]
    The seven-story building sold for a little over $13.5 million. It has offices, apartments, retail and parking.

    The historic Seattle Quilt Building, at 316 First Ave. S., has sold for a little over $13.5 million, according to King County records. The seller was PSQ Portfolio LP, an entity of Nicola Wealth Real Estate of Vancouver, B.C. (formerly Nicola Crosby), which acquired the property out of foreclosure in 2011 as part of a larger three-building deal worth about $19 million.

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