Pembroke has made its debut investment in Seattle with the $338m (£255m) acquisition of 400 Fairview Avenue from Skanska USA and TH Real Estate.
Pembroke facilitated the acquisition on behalf of investors to mark the expansion of its portfolio on the west coast of America. The fully-leased 349,152 sq ft Class A+ mixed-use property is the headquarters of Tommy Bahama, Impinj, Delta Dental and Car Toys/Wireless Advocates, as well as local headquarters to Stantec.
The mixed-use building features an 18,000 sq ft open-gathering ground floor hall that is home to a collection of artisan bakeries, restaurants and retailers including Kai Market by Uwajimaya, Bar Harbor, and mBar.
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