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Three Old Town Chinatown buildings change hands

By: Shelby King//November 18, 2014//

Three Old Town Chinatown buildings change hands

Shelby King//November 18, 2014//

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The Norton House in Old Town Chinatown is one of three in the neighborhood sold last month by the Bill Naito Company to John Beardsley of Beardsley Development. (Sam Tenney/91ÊÓÆµ)
The Norton House in is one of three buildings in the neighborhood sold last month by the Bill Naito Company to of Beardsley Development. (Sam Tenney/91ÊÓÆµ)

Three historic Old Town Chinatown office buildings on the market since 2012 sold last month, according to a news release.

John Beardsley of Beardsley Development purchased the Captain Couch building, the Norton House and the Merchant Hotel for $8 million from the Bill Naito Company, according to NAI Norris, Beggs & Simpson Senior Vice President MaryKay West. The sale closed on Oct. 24, she said.

All three buildings are listed on the , according to Melanie Cole, property manager with the Bill Naito Company. Each one has retail space on the ground floor and creative office space above. The Captain Couch building and the Norton House are 100 percent occupied, and the Merchant Hotel is 92 percent occupied, West said.

The Norton House, also known as the Overland Hotel, is at 31-53 N.W. First Ave. It was built in 1875 and once was home to saloons and retail businesses with first-class transient lodging on the second floor. The building received an extensive remodel in the 1970s.

The Captain Couch building, at 12-24 N.W. Second Ave., connects to the Norton House with a second-floor sky bridge. It was built in 1904 and formerly held saloons, stores and hotel space.

The Merchant Hotel block, at 222 N.W. Davis St., was built in 1880 and expanded in 1884. Several Japanese business then moved into the building, but were dislocated following World War II.



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