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Dhruv Agarwal Of Landmark Event Acquires Seattle's Pier 70 Office From Triad Development For $11M

Property Image
SOLD
$11,000,000

Washington

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Office107,400 SF
Sold 01/16/2025
the dealdetailscomps
Property Image
SOLD

Dhruv Agarwal Of Landmark Event Acquires Seattle's Pier 70 Office From Triad Development For $11M

2801 Alaskan Way

See Similar Deals
Office107,400 SF
Sold 01/16/2025
the dealdetailscomps

Summary

WASHINGTON
Asset Type:Office
Price Per Square Foot:$102
Total Square Footage:107,400 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 2801 Alaskan Way in Seattle, WA. It is an office asset with a sale price of $11,000,000 and encompasses a total square footage of 107,400, resulting in a price per square foot of $102.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $11,000,000
  • Buyer: Dhruv Agarwal - Landmark Event
  • Seller: Triad Development
  • Square Footage: 107,400
  • Price Per Square Foot: $102
  • Market: Seattle, WA

Key individuals involved in the transaction include Dhruv Agarwal, representing Landmark Event, which aims to convert the historic Pier 70 into an AI startup incubator. Triad Development served as the seller in this transaction. Plans for the site include the preservation of existing retail and office tenants while updating the infrastructure to support its future use.

Details

SOLD
IMAGE: 01/16/2025 ADDRESS: 2801 Alaskan Way MARKET: Seattle, WA ASSET TYPE: Office BUYER: Dhruv Agarwal - Landmark Event SELLER: Triad Development SALE PRICE: $11,000,000 SF: 107,400 ~ PPSF: $102 NOTE: Landmark Event acquired Seattle's historic Pier 70 for $11 million, with plans to renovate it into an AI startup incubator anchored by the AI2 Incubator. The developer, led by Dru Agarwal, will preserve retail and office tenants while updating the pier’s infrastructure and interior to support long-term use.

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