Nitze-Stagen buys Georgetown site

Seattle Daily Journal of Commerce

Posted In — News & Press | In the News

SEATTLE – An LLC associated with Nitze-Stagen has paid almost $4 million for a property at 6272-6286 Ellis Ave. S. in Georgetown.

The seller was an LLC related to Bowman Morton Manufacturing & Machine, which acquired the property between 2004 and 2007 for about $1.8 million.

The buyer was P&P Georgetown LLC, which is governed by Peter Nitze.

Thad Mallory and Evan Lugar of Kidder Mathews represented the seller. The property had been listed for about three months, at $4.5 million.

The three midblock parcels total about 32,173 square feet, with a house and a 50-year-old, 18,000-square-foot industrial building, according to KM.

The property is zoned for commercial uses up to 40 feet. No new plans have been filed.

Bowman-Morton calls itself the “Northwest’s most experienced manufacturer of custom building connectors.” It shares the block with Charles Smith Wines Jet City, to the east.

For the full story, go to Seattle Daily Journal of Commerce.

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