First Security Bank Acquires 122,000 SQFT Office Building in Mountlake Terrace for $15.9MM

First Security Bank Acquires 122,000 SQFT Office Building in Mountlake Terrace for $15.9MM

Connecticut-based seller takes $8.7 million loss on 2018 purchase as suburban office values adjust Office property transactions in Seattle’s northern suburbs are reflecting the broader recalibration of asset values that has reshaped the Puget Sound commercial real estate market since the pandemic. An entity affiliated with First Security Bank of Washington has purchased a five-story office building at 6100 219th Street SW in Mountlake Terrace fo…