CIM Acquires Benaroya’s 844-Stall Pine Street Parking Garage in Downtown Seattle for $57.7MM
CIM Group recently added a roughly 349,000 square foot parking garage in the heart of downtown Seattle to its portfolio. The Los Angeles, California-based company purchased the 11-level Pine Street Parking Garage in downtown Seattle for $57.7 million. CIM made the acquisition with its partner, LAZ Parking Realty Investors, from The Benaroya Company, a Bellevue-based real estate company that operates throughout the Pacific Northwest.
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