Vista Acquires 82 KSF Mixed-Use Asset in Seattle

The company paid $14.6 million to purchase the property, which is part of the city’s history as Boeing’s first headquarters.

Seattle Mart
Seattle Mart

After relocating to its new headquarters in Los Angeles, Vista Investment Group has acquired Seattle Mart, an 82,218-square-foot mixed-use building located in the Delridge district of Seattle. Kidder Mathews represented the seller, Lift Real Estate Partners, in the $14.6 million transaction.

Boeing’s first headquarters

Located at 200 SW Michigan St., Seattle Mart sits on approximately 3.6 acres. The mixed-use creative office space was constructed in 1929 and became Boeing’s first headquarters, known as Plant One. In 2015, the building was fully renovated and was leased to Seattle Mart.

Property features include:

  • 80,000 square feet of showrooms representing premiere lines;
  • Showroom space with a brick and beam industrial aesthetic;
  • Two buyer’s lounges;
  • Outdoor garden patio with barbecue;
  • Bike storage and showers;
  • Free Wi-Fi.

Situated in the dynamic Georgetown neighborhood south of the Seattle CBD, the mixed-use property is 90 percent occupied. Recently, the asset changed its name from Pacific Market Center, in operation since 1980, to Seattle Mart.

Image courtesy of Kidder Mathews