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Another Large Sale in Ballard December 6, 2010

Posted by Erik Swanson in Articles, Blogs, Development, Retail News, Sale, Uncategorized.

Hal Real Estate Investments has purchased almost the entire 2400 block on the south side of NW Market St. in Ballard. Hal paid $7.3 million for 1.6 acre multiple parcel site that included four buildings totaling just over 23,000 square feet. HAL plans a mixed use development after Maritime Services lease runs out in September 2011.

HAL Real Estate Investments Inc. is the Seattle-based real estate investment subsidiary an international investment company based in the Netherlands Antilles. Earlier this year Hal sold 103,000 square feet on the first 3 stories of the 24-story Newmark condo tower on Second Avenue between Pike and Union streets to Target.

This is the second large land sale in Ballard recently. In October, The Benaroya Company sold the site on 15th Ave and Market St. to Equity Residential who plans a large, mixed use development. See more info here.



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