Nordic Building | Buyer Representation
Nordic Building: 547 Occidental Avenue S, Seattle, WA
Buyer: REDCO Development
Buyer’s Broker: John Vernon
Seller: Nordic Cold Storage Co., Inc.
Transaction Value: $8.75 million
In the 1950’s, Thomas McQuaid, Sr., bought 547 Occidental Avenue South in Seattle, WA. Roughly a decade later, Thomas McQuaid, Jr. began operating Nordic Cold Storage Co., Inc. and continued to do so for more than 50 years. Nordic Cold has been one of very few cold storage facilities located within downtown Seattle. After learning the history of the business through a several meetings at the building with the McQuaid and his team, Vernon already had a buyer in mind. REDCO Development was looking to buy industrial or office properties along the west coast and Vernon thought that the Nordic Building would be a great long-term asset for them to enhance their presence in Seattle.