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Plans filed with the city by Ryan Rhodes Designs indicate a new retail bike shop with a small addition. The building is now vacant, but past tenants have included Bordner Construction, FloScan Instruments and RacerMate. The three-story warehouse-office building sits between Blakeley and the Burke-Gilman Trail, just northeast of University Village.Ĭonstructed in 1966, it has 11,400 square feet. KM's Rod Keefe and Jason Bloom represented the buyer. Rally Capital's managing director is Dennis Weibling, a former telecom executive associated with the McCaw family and Nextel Communications.Ĭhris Corr of Kidder Mathews represented the seller. The buyer was Element Investments LLC, which is associated with Rally Capital of Kirkland. The seller was Blakeley Real Estate LLC, which acquired the property in 2011 for $1.65 million. has sold for $3 million, according to King County records.
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