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March 3, 2022

Panos adds to U District assemblage for $4M

By BRIAN MILLER
Real Estate Editor

The Adelaide, at 4557 University Way N.E. sold this week for nearly $4.2 million, according to King County records. The seller was the Erickson family, which had owned the building since 1956 and long operated University Seafood & Poultry there. It's still home to Costas restaurant.

The buyer was Adelaide LLC, associated with Panos Properties, a longtime owner and investor in the University District and beyond. Panos owns the one-story Starbucks complex next door to the south; and the next two properties to the south — one of which is leased to Target.


 
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