Fisher Communications Considers Sale of Seattle HQ

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By Andrew Gauthier

Fisher Communications, which operates 20 stations in 10 markets along the west coast, is considering selling its headquarters near downtown Seattle (right).

The 300,000-square-foot complex is located across the street from the city’s iconic Space Neadle. According to Bloomberg, the building was recently valued at $106 million.

Fisher announced in a statement this week that it was partnering with Moelis & Company, LLC, a financial advisor, to investigate a potential sale of the building.

The complex was built in 2001 when the Seattle real estate market was still riding high from the internet boom. Fisher considered selling the building in 2008 but withdrew once the recession hit. Now, with the real estate market showing signs of recovery, Fisher Plaza is again up for sale.

Earlier this year, Fisher turned down a takeover bid of $211 million from a Canadian real estate company.