The Watershed Building in the Fremont neighborhood has sold to GLL Real Estate Partners
Rob Gasca • October 12, 2021
The building itself is one of the most environmentally friendly buildings in the city.
The Watershed Building in the Fremont neighborhood has sold to GLL Real Estate partners out of the Bay area on 9/28/21. The building itself is one of the most environmentally friendly buildings in the city. The building was built partially form reused materials such as the band “Pearl Jam” old studio flooring. The building collects, reuses, and cleans water, then diverts to lake Union. The building also uses 25% less energy that is coded for the city.
Seattle and environmental awareness are and have been a duo for some time, making the Emerald City home to some of the most creative, innovative, green projects on the planet. The winner in this deal: GLL Real Estate Partners because securing this efficient and environmentally friendly office will be a PR booster that most businesses around the world are looking for. Downside: the cost, the price per square foot is double the Seattle market average of $489/SF. This will pave the path for more soaring prices in the eco-friendly building market.
Just sharing a personal "favorite" building and location of mine not to mention Pearl Jam is literally embedded in this building. Another personal favorite of mine. I had been watching this area and site from demolition to grey shell and then the gorgeous building you see today. The changes in Fremont are incredible. This is truly an architectural marvel and a model for building developers all over the world.
Read more at: https://www.costar.com/article/557450110/environmentally-focused-seattle-office-trades-hands-in-65-million-deal
Source: CoStar Group
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RGRG is excited to announce the sale of Evergreen Forum and our continue management of the property!
