UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | July 13, 2011 |
FISHER COMMUNICATIONS, INC.
__________________________________________
(Exact name of registrant as specified in its charter)
Washington | 000-22439 | 91-0222175 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
140 Fourth Avenue N., Suite 500, Seattle, Washington | 98109 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 206-404-7000 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
On July 13, 2011, the article regarding Fisher Plaza in Seattle, Washington, furnished as Exhibit 99.1 to this Current Report on Form 8-K, appeared on the website: www.GlobeSt.com.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Article on GlobeSt.com dated July 13, 2011 regarding Fisher Plaza in Seattle, Washington.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FISHER COMMUNICATIONS, INC. | ||||
July 13, 2011 | By: |
/s/ Hassan N. Natha
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Name: Hassan N. Natha | ||||
Title: Vice President and Chief Financial Officer |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Article on GlobeSt.com dated July 13, 2011 regarding Fisher Plaza in Seattle, Washington |
Exhibit 99.1
Fisher Plaza Complex On Market
By Natalie Dolce
Fisher Plaza
SEATTLE-Over the past six months, there have been rumors about Fisher Communications looking to
sell Fisher Plaza, its 293,727-square-foot headquarter building here, but GlobeSt.coms Natalie
Dolce learns that it is officially on the market. Moelis & Co. SVP Steve Moore, who is marketing
the asset along with Matt AHearn on behalf of Fisher Communications, tells GlobeSt.com that so
far, interest is strong from national office and data center buyers, as well as local Seattle real
estate players.
Fisher Plaza, which is owned by Fisher Communications, combines wholesale data center, co-location, and class A office and retail space with state-of-the-art communications and media services, says Moore. Fisher Communications owns and/or operates 20 broadcast television stations, 10 radio stations in the Pacific North West and Western United States (Washington, Oregon, California, Idaho and Montana). Fisher owns ABC and Univision network affiliates in both Seattle and Portland and three radio stations in Seattle, its home market and corporate headquarters.
The buildings 293,727 square feet are connected by a common plaza lined with retail shops and a full-service sports-themed restaurant. Fisher Plaza consists of Fisher Plaza East and Fisher Plaza West. Fisher Plaza East is a five-story, 194,239-square-foot building that serves as the corporate headquarters of Fisher Communications and is home to local ABC affiliate KOMO TV, which is owned by the company. Fisher Plaza West is a six-story 99,488-square foot building consisting of 53,602 square feet of data center space and 29,171 square feet of office space. The two buildings are currently 96% occupied.
Moore tells GlobeSt.com that Fisher Plaza was recently appraised for $142 million. He also points out that the seller will remain in the building and lease its existing space at market rate rents.
Seattle market is on a tear with substantial transaction volume and cap rate compression for office assets, says Moore. This is a marquee building and is one of two leading data centers in the Seattle market.