Pierce County Acquires Office Building On Market Street In Tacoma For $27.3M

Pierce County has acquired an office building located at 1501 Market Street in Tacoma, WA for $27.3 million. The property, spanning 149,330 square feet, was purchased as part of Pierce County's Justice Center and Space Planning Study initiative. The transaction was facilitated by Lee & Associates, who represented the buyer, Bruce Dammeier - Pierce County. The seller in the deal was Regence BlueShield.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $27,271,000
• Address: 1501 Market Street, Tacoma, WA
• Market: Tacoma, WA
• Square Footage: 149,330
• Price per Square Foot: $183
• Buyer's Representative: Bruce Dammeier - Pierce County
• Seller: Regence BlueShield
• Broker: Lee & Associates

This acquisition is part of Pierce County's effort to improve service delivery and public access through the Justice Center and Space Planning Study initiative. The downtown Tacoma office building will contribute to the county's objectives in enhancing its operations and providing better services to the community.