https://www.djc.com/news/re/12137276.html?action=get&id=12137276&query=redco
The O.B. Williams millwork complex at 1939 First Ave. S. sold for over $7.2 million, according to King County records. The seller was McCoy Properties LLC, which acquired the property in 2000 for $950,000.
The buyer was Redco First Ave 1939 Owner LLC. Redco, based in San Francisco, has lately become an active buyer of industrial properties.
The deal was worth about $176 per square foot.
Developed on a little under an acre, there are four buildings with about 41,224 square feet. They date from about 1907-1914.
O.B. Williams was founded in Fairhaven, near Bellingham, in 1889. It moved to Seattle in 1902. The business was owned during the postwar years by the McCoy family, who began selling it to current sole owner David Wick in 2000.
Meanwhile, Redco keeps adding to its industrial portfolio. Last month it bought the nearby Northwest Castings building, also in SODO, for $4 million.