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Two historic downtown Tacoma buildings on the market

Post by John Gillie / The News Tribune on Jan. 15, 2008 at 2:11 pm |
January 15, 2008 2:11 pm

Two historic downtown Tacoma buildings, Old City Hall and 711 Pacific Ave., are now on the sale block.

Old City Hall, once destined to become condominiums and then shifted to offices, is being offered for $6.95 million.

Old City Hall

The 711 Pacific Avenue Building, perhaps best known as the site of the Matador restaurant, has a sale price of $4.65 million.

The owners’ plans to convert Old City Hall to condos was thwarted when office tenants with longer leases couldn’t come to agreement with the building owners about a buy-out of the remainder of their leases.

Old City Hall, once the seat of Tacoma’s municipal government, was converted in the ’70s to a vertical shopping center, but gradually reconverted to offices as the shopping center died out.

The building’s owners had started to renovate the building at 625 Commerce St. to up-scale offices, but have slowed the work pending a possible sale.

The two-floor 711 Pacific Avenue building has been completely renovated.

Old City Hall’s offering is being handled by Colliers International while GVA Kidder Mathews is offering 711 Pacific Ave.

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