Portland-based Specht Development announced this week it had sold Parkway Plaza III, 4601 N.E. 77th Ave., for $7.25 million.
The 52,000-square-foot office building was purchased by a corporation called Madrona Parkway. Records filed with the Washington Secretary of State show Madrona Parkway is owned by Unisearch Inc., based in Tumwater.
The Class A office building was built in 1989. On its website, Specht Development had been asking for $4.8 million.