As a result of their very successful marketing campaign for the disposition of the Associated Grocers’ property, the ultimate purchaser of that property, Dave Sabey, President of the Sabey Corporation, engaged Kidder Mathews for his planned disposition of Sabey’s, Post-Intelligencer (P.I.) Building; a Class A “perimeter” office property located just north of Seattle’s CBD on Elliott Avenue in the Lower Queen Anne submarket of Seattle.
The Sabey Corporation developed the P.I. Building in 1986, and had come to the conclusion that it was time to sell this asset. Similar to the Associated Grocers’ assignment, The Sabey Corporation wanted the sale of the subject property fast-tracked and due to a variety of economic and political considerations. They wanted the listing agents to perform somewhat of a stealthy marketing program for the assent, with the goal of not widely disseminating marking materials to the local market, but rather focus on a national prospect audience for this disposition assignment.