Seattle Art Museum Saved by Nordstrom Coming in as New Tenant

Earlier this year, as banks were failing left and right and damaging museums in the process, the Seattle Art Museum was hurt particularly hard when Washington Mutual, a tenant in their expensive new building, died a quick, painful death. JP Morgan, who took over WaMu’s one or two remaining assets, decided not to stay in the building, leaving the museum desperate to find new renters. Back in April, they were fortunate to find Russell Investments, who wound up moving into a portion of the vacant space, but not enough to cover the entire loss.

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