ONE OF THE STRONGEST, FASTEST GROWING MAJOR TRADE AREAS IN THE COUNTRY

• Amazon, Expedia, Google, Facebook, Adobe, and Salesforce (Tableau) have HQ or strong precense located around the asset.
• Seattle has grown over 16% the last decade, and was the fastest-growing U.S. big city as recently as 2022. The city is the largest in Washington State and consistently ranks among the nation’s most highly educated cities and is ranked in the top 10 largest regional economies in the U.S.

DOMINANT RETAIL LOCATION

• Definitively one of the best retail storefront’s in the Seattle CBD.
• 1-block from Westlake Center and Nordstrom’s flagship store.
• Nearby retailers include a wide variety of high-end luxury regional and national tenants that are helping to drive the re-surgance of foot traffic in the downtown CBD corridor of Seattle.
• In 2023, downtown property owners, in partnership with philanthropists, combined to make commitments totaling more than $400M over the coming years to invest in downtown Seattle.

SEVERE BARRIERS TO ENTRY / PROTECTED

• Developing a competing project within this trade area would be nearly impossible.
• The asset will continue to be one of the most well located, dominant retail assets of itskind for the foreseeable future.

HISTORICALLY RECOGNIZED BUILDING

• The Coliseum shut its doors in 1990 and converted into retail in 1994. The terra cotta exterior still looms large at the corner of 5th Avenue and Pike Street, and a portion of the venue’s old balcony is tucked away in the upper recesses of the building. Today the Coliseum is a very successful adaptive reuse project that dramatically illustrates the successful marriage of commerce and historic preservation.

RETAIL, TRANSPORTATION, TOURIST HUB

• The Coliseum is 1-block from the Link Light Rail at Westlake Center Station, that is the transportation hub for downtown Seattle, servicing millions of riders each year. The station will connect to the upcoming light rail lines that will serve South Lake Union, Lower Queen Anne, and Ballard. They are planned to open by 2036.
• The Coliseum is 1-block from the Seattle Monorail, which carries passengers from Westlake to Seattle City Center and the new, $1B Climate Pledge Arena, in less than 2 minutes. At current capacity, the Monorail carries over 2M passengers every year. A $7M investment project recently completed that more than doubled its previous capacity.
• Pike Place Market is 4 blocks from the Property and attracts more than 10M tourists each year.

IN THE HEART OF ONE OF THE TOP INVESTMENT MARKETS IN THE WORLD

• Excellent location at the junction of the Seattle’s Financial District, Pike Place Market, South Lake Union, Amazon’s HQ, and the Convention Center, including the new $1.7B Convention Center Expansion.
• Seattle has shown impressive economic staying power in the wake of the pandemic driven by major corporate growth, attractive cost relative to other coastal markets, and consistent job and population growth.

EXTREMELY AFFLUENT, WELL EDUCATED POPULATION

• Over the last decade, Seattle has been the fastest growing large city in the United States; this trend is expected to continue, with population projected to grow over 34% over the next 10 years.
• Average Household Incomes exceed $170k within a 3-mile radius of the Asset.
• Seattle ranks as the #1 most educated big city, with over 67% of the population (25+)holding a college degree and 11.5% holding bachelor’s degrees or higher in science or engineering.

MULTI FAMILY DEVELOPMENT GROWTH

• Approximately 14,000 new multi-family units are planned, under construction, or have been delivered in the neighborhoods immediately surrounding the Asset in recent years, increasing density and providing staying power for the investment.