Washington Trust Bank Acquires Office Building At 1102 Commerce Street Tacoma For $3.25M

The property asset involved in the transaction is an office building located at 1102 Commerce Street, Tacoma, WA. The asset was sold for a total of $3,250,000, covering a space of 24,131 square feet, resulting in a price per square foot of approximately $135. The building is situated in downtown Tacoma, in proximity to various retail and restaurant options, contributing to the activity in the market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $3,250,000
• Buyer: Washington Trust Bank
• Seller: Howe/Horizon Holding LLC
• Brokers: Tom Brown & Kyle Prosser - Lee & Associates; Carl Guenzel - Keimle Hagood
• Square Footage: 24,131
• Price per Square Foot: $135
• Sale Date: 08/18/2025

Washington Trust Bank intends to occupy part of the office space while leasing the remainder. Lee & Associates facilitated the sale of the property, which highlights the brokerage's role in the transaction alongside Keimle Hagood, representing the sellers. This transaction underscores the collaborative efforts between the brokerage firms involved in securing the deal.