Harvard Market

Newmark Retail Capital Markets is pleased to announce the successful closing of Harvard Market, the value-add urban retail center located in the heart of Seattle’s Capitol Hill neighborhood.

The 42,853-square-foot retail asset is positioned at the intersection of Broadway and E Pike Street and is shadow-anchored by QFC (Kroger). The property includes 275 parking stalls and was 55% occupied at the time of sale, presenting a defined lease-up opportunity through the 14,668 SF former Bartell Drugs space and additional shop vacancies. The transaction offered investors stable in-place income with clear near-term NOI growth potential in one of Seattle’s most established urban retail corridors.