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Gull Industries buys Lake Union marina
Posted on July 6, 2010
An LLC owned by real estate investment and development company Gull Industries bought a Seattle marina and office building on Lake Union Friday for just over $3.57 million, public records show.
The property, 1101 N. Northlake Way, is at least the second waterfront property that Seattle-based Gull has bought this year after selling a lot near Safeco Field for $17.8 million. The other was Iron Springs Resort on the Washington coast. Gull is refurbishing the resort.
Seller Suzanne Dills has owned the property for 20 years. The marina has 60 slips, and the 10,000-square-foot office building is fully leased. “As far as I know [Gull will] keep it as is,” she said.
Gull Senior Vice President of Real Estate Bill Low was not available for comment.
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