Southend Team Represents Landlord and Tenant in 220,800 SF Lease

Posted on April 26, 2017

CenterPoint Kent 167

CenterPoint Properties, represented by Arie Salomon, SIOR, CCIM, Jeff Forsberg, CCIM and Taylor Hoff, SIOR, has inked a 220,800 square foot lease at their CenterPoint Kent 167 project located at 26600 72nd Avenue S., in Kent, WA. Construction has just commenced with a targeted completion date of February 2018.  The tenant, Classic Accessories, was also represented by NAI Puget Sound Properties.

The state-of-the-art building will be 36’ clear height with ESFR sprinklers, LED warehouse lighting, 33 dock high and 2 drive in doors, 41 additional trailer stalls and 200 parking stalls with excellent SR 167 exposure and direct access to S. 277th Street.

In the news: Here’s the latest big lease in the Seattle region’s red-hot industrial market via Puget Sound Business Journal

Read full article here.

Posted in News, Success stories, | Leave a reply

NAI Puget Sound Properties Welcomes Rick Graff & Art Thomson

Posted on January 12, 2017

 

Rick and Art

NAI Puget Sound Properties is pleased to welcome industry veterans, Rick Graff & Art Thomson to its brokerage team as Senior Vice Presidents. Both Rick and Art joins us following successful careers at Coast/Sperry Van Ness.

Prior to brokerage, Rick spent 14 years in corporate real estate representing retail clients, developing and implementing strategic national retail roll out programs for Verizon Wireless and Jamba Juice throughout the Midwest, Southwest, and Northwest United States.  He also has represented Jack in the Box in the Washington, Oregon, Northern California, and Hawaii markets.

Art has extensive experience in the leasing and sales of Office, Retail and Industrial properties throughout the Northend market, as well as investment sales.  Prior to entering real estate, Art had a successful career as an Industrial Engineer, and held leadership positions at several notable companies including Fairchild Semiconductor and Honeywell Marine Systems. He is active in the Northend community where he was past President of the City of Everett Parks Commission and is currently a member of the City of Everett Salary Commission.

Their extensive experience and excellent reputation are a great addition to our team.

Read full article here.

Posted in New Brokers, News, | Leave a reply

Lazarus Day Center Rises on Rainier Avenue S

Posted on December 28, 2016

Lazarus Day Center provides a safe, daytime only shelter for the homeless and marginalized, with a specific focus on the elderly homeless community. The Center provides meals, laundry services, counseling, and health services, and other social services for its clients.

Sometimes it’s easy to forget that the heart of real estate, even commercial real estate, isn’t business – it’s people. Bob Swain recently helped his client transact a lease with Catholic Community Services of Western Washington to house its Lazarus Day Center. In a major relocation for the center from its longtime home in Pioneer Square, the Center’s new 8,870 SF office on Rainier Avenue S will allow it to reach as many of those in need as possible.

Lazarus Day Center provides a safe, daytime only shelter for the homeless and marginalized, with a specific focus on the elderly homeless community.  The Center provides meals, laundry services, counseling, and health services, and other social services for its clients.

The businesses and organizations that we work with every day all enrich our community, regardless of their mission, but we’re especially proud to be of service to those groups that lend a hand to those who need it most. As our city booms and the market becomes tighter, these members of our community can fall through the cracks.

During the holidays and throughout the year, it is our privilege to connect people and places throughout the Puget Sound area.

We wish you and yours a wonderful holiday season and a happy, healthy, and prosperous new year.

Read full article here.

Posted in News, | Leave a reply

NAI Puget Sound Properties Welcomes Kyle Sterling

Posted on October 27, 2016

NAI Puget Sound Properties is pleased to welcome Kyle Sterling to our brokerage team as Associate Vice President.

Kyle Sterling

Kyle has been a commercial real estate broker since 2012 and was formerly based in Encino, California.  While in California, he was a key member of a highly successful retail property investment team which was ranked number one in Los Angeles and Ventura counties from 2011 through 2015. At NAI Puget Sound Properties, Kyle will work out of the Bellevue office and continue to specialize in investment sales of retail, office and industrial properties.

“I researched all the local real estate firms prior to my move to Seattle and I felt NAI Puget Sound Properties was the best fit for me and my clients,” said Kyle regarding his decision.  “The brokers at NAI Puget Sound Properties are extremely talented and were genuinely interested in collaborating with me to establish my brokerage business in this region.  I look forward to working with them to serve our collective clientele.”

“Kyle is an excellent addition to our NAI Puget Sound Properties team.  He has a long record of success in this industry and is a great cultural fit with our existing brokers.  We are excited to have him on our team,” said Scott Coombs, SIOR – President

Read full article here.

Posted in New Brokers, News, | Leave a reply

Congratulations Jeff Forsberg, SIOR Industrial Broker of the Year Finalist!

Posted on October 13, 2016

Jeff Forsberg, CCIM

Jeff Forsberg, CCIM of NAI Puget Sound Properties was named a finalist for the 2016 Industrial Broker of the Year award! One of the region’s top industrial brokers, Jeff was also nominated for the award once before in 2005.

“Jeff’s selection as a finalist for Industrial Broker of the Year is indicative of how highly he is regarded by his peers in this industry.   He is an excellent broker and the nomination is well deserved. ” said Scott Coombs, President of NAI Puget Sound Properties

Winners will be announced at the NAIOP Night of the Stars on November 4, 2016.

 

About NAIOP’S Night of the Stars

NAIOP’s Night of the Stars identifies outstanding real estate developments and activities in a variety of market types and the individuals who conceived of, took risks, sponsored, supported and made the projects happen.

Visit  NAIOP Washington State Chapter to learn more.

Read full article here.

Posted in News, | Leave a reply

Amazon Travel to land in Downtown Bellevue

Posted on October 11, 2016

By STEVE BALKMAN, CCIM

Principal

Specializing in Corporate Real Estate Advisory Solutions

 

Centre 425

Last week Geekwire reported that Amazon has leased the entire Centre 425, Schnitzer Northwest’s 345,000 square foot downtown Bellevue office building. The building is still under construction and is expected to be completed in 2017. As the single tenant, Amazon is able to create a secure environment for their intellectual property and for employees.

The announcement  is notable for a few reasons.

First, this lease establishes a large beachhead for Amazon in the Eastside. With many thousands of employees who live east of the lake, you can bet many are silently cheering – especially if there will be some hoteling space for employees to drop in and use.

Second, Amazon Travel is expected to be the main occupier of the new Bellevue building. Expedia headquarters is two blocks away. In two years Expedia will move their operation to the Interbay area (north of downtown Seattle). What a genius creative plan by Amazon Travel! They are perfectly positioned to recruit all of the Expedia employees living on the Eastside who are now dreading the additional 90-minute round-trip daily commute they’ll face when Expedia moves.

Third, the lease is another home run for Schintzer Northwest, who began construction on Centre 425 as a speculative development. Reaching 100% with one tenant is a developer’s dream – and maximizes profits.

Finally, many tenants and brokers expected a return to market equilibrium with the new office buildings in Bellevue during this construction cycle. The strong demand is filling almost all of the new space, assuring the continuation of a landlord’s market and rental rates that will continue to creep up.

Read full article here.

Posted in In the News, News, | Leave a reply

Photo Gallery – NAI Global Northwest Regional Event

Posted on August 1, 2016

Thank you to all who attended the NAI Global Northwest Regional Event Tuesday, July 26th – Wednesday, July 27th in Seattle!

Our event kicked off on Tuesday night with a great presentation on Trust: The Foundation of All Successful Relationships by Bill Robinson, President Emeritus of Whitworth University. We ended the night with a beautiful evening cruise on Elliott Bay!

Read full article here.

Posted in News, | Leave a reply

Featured Transaction – Purchase of 20004 Building, Woodinville

Posted on July 27, 2016

The sale of the 20004 Building located at 20004 144th Avenue NE, Woodinville, WA closed on July 26th, 2016 for a sale price of $3,000,000.

20004-building

This property is a great new home for Northwest Partitions, an owner/user, who is purchasing the property as a part of a 1031 Exchange after selling their building in the Southend (also sold by NAI Puget Sound Properties). The significant extra land for a yard and eventual redevelopment represents a strong value-add opportunity while the existing buildings will be a great new home for their business. With the help of Chad Waldbaum of NAI Puget Sound Properties, the buyer beat out multiple other offers to purchase the property and even adjusted the price later for deferred maintenance issues.

Read full article here.

Posted in News, Recent Transactions, | Leave a reply

NAI Puget Sound Properties Welcomes Ryan Olson

Posted on July 1, 2016

NAI Puget Sound Properties is pleased to announce the addition of Ryan Olson to the firm’s team of brokers.

rolson

Ryan Olson, formerly with Wallace Properties, joins NAI Puget Sound Properties as a Vice President.  Ryan has been a top performing broker for the past 14 years and is well respected within the real estate community. At NAI Puget Sound Properties, he will continue to focus on real estate investments and leasing within the Puget Sound region.

“I felt I could serve my clients best at one of the larger companies with brokerage expertise in all property types and submarkets within the region, and working at a locally owned company was really important to me,” Ryan said regarding the transition. “NAI Puget Sound Properties was the perfect fit for me.”

Scott Coombs, President of NAI Puget Sound Properties said, “We are really excited to have Ryan join our team at NAI Puget Sound Properties. He is an accomplished veteran broker who is well known for his integrity and professionalism. He will be a great addition to our excellent work environment and our commitment to the local community.”

View full Press Release

Read full article here.

Posted in News, | Leave a reply

Promotion of Our 3 Newest Partners!

Posted on June 10, 2016

NAI Puget Sound Properties announced today the promotion of three new Partners of the firm, bringing the total number of partners to 19.

“Our Partners are selected based on a number of criteria including tenure, revenue production, integrity, and overall contributions to the company,” said Scott Coombs, President of NAI Puget Sound Properties. “All three new partners are great leaders within our company and within their communities. It’s great to be able to recognize their success by bringing them in as Partners of our firm.”

David Douglas

Dave Douglas, SIOR, CCIM, current Managing Broker of NAI Puget Sound Properties’ Tacoma office and formerly a Senior Vice President, joined the firm in 2014 with prior experience at CBRE (2008 – 2014), GVA Kidder Mathews (1987 – 2008), and Norris, Beggs & Simpson (1983 – 1987).  Dave centers his attention upon the industrial markets of South King, Pierce, Thurston and Lewis Counties.

 

Itzik Mizrahi

Itzik Mizrahi, formerly a Vice President, joined NAI Puget Sound Properties in 2010. Itzik focuses on retail investments, including gas stations, hotels and retail centers, within the Puget Sound area and Washington State.

 

Wyk Parker

Wyk Parker, formerly a Senior Vice President joined NAI Puget Sound Properties in 2011. Prior to joining the firm, Wyk worked with Pacific Real Estate Partners (2007 – 2011), Trammell Crow (2004 – 2007), and Colliers International (1987 – 2004).  Wyk specializes in the sale and the leasing of properties throughout the Pacific Northwest, including office, industrial, retail, multifamily and land.

View full Press Release

In the News

Daily Journal of Commerce

Read full article here.

Posted in News, | Leave a reply

Featured Transaction – Corica Properties, LLC Aquires Kirkland Park 405, Building G

Posted on May 18, 2016

Kirkland Park 405, Building G, a 31,031 square foot office building, located at 12040 115th Avenue NE, Kirkland, WA was purchased for $4,850,000 (closed May 16, 2016). Corica Properties, LLC, an investor/operator, will open a new Goddard School on the 2nd floor of the building. The first floor of the building is fully leased, with a small office vacancy of 3,600 square feet remaining on the 2nd floor.

Bob Swain, CCIM and Chris O’Connor of NAI Puget Sound Properties represented the buyer in this transaction.

Kirkland-405-large

The Goddard School celebrates nearly 30 years of using the most current, academically endorsed methods to ensure that children from six weeks to six years old have fun while learning the skills they need for long-term success in school and in life. To learn more, visit www.goddardschool.com

Read full article here.

Posted in Featured Transaction, News, Recent Transactions, | Leave a reply

NAI Puget Sound Properties Hires Scott Coombs as Brokerage President

Posted on December 16, 2015

NAI Puget Sound Properties announced today the hiring of respected industry veteran Scott Coombs to lead the commercial real estate brokerage.  Effective immediately, Coombs will become President of the company which is currently ranked as the fifth largest commercial brokerage company in the region with 45 brokers and offices in Seattle, Tacoma and Bellevue.

scoombs

Coombs was most recently Northwest Regional Managing Director of Colliers International where he significantly grew the size and market share of the company and successfully recruited some of the top brokers in the industry.

“We are really excited to have Scott on board to lead the next phase of our company growth,” stated Arie Salomon, a Principal and founding partner in the firm.  “Since we founded the company 18 years ago, we have been sharing the leadership responsibilities among our Executive Committee who are all brokers and principals at the company.  As large as we have become, we decided this year that we needed to hire a full time company leader to focus on supporting our brokers, proactively recruiting and strategically growing the company.  It was difficult to do these tasks with the ‘player coach’ model that we have always operated.  Scott has excelled in this type of leadership role for many years and he is a great fit with our company culture.  Our partners and brokers have known Scott for a long time, and are really excited that he is joining our team.”

In addition to running the day to day operations of the company, Coombs will be responsible for recruiting additional brokers to the firm.

“I believe there will always be a significant percentage of brokers in our market who prefer an alternative to the bureaucracy at the large public brokerage firms and the constant pressure they face to reduce expenses in order to increase stock value. I am confident that our aggressive commission structure, excellent client resources, and the opportunity to become a partner at our company will be very attractive to those brokers.  Our focus is not serving Wall Street or any external ownership group,” Coombs stated.  “We are 100% focused on doing whatever it takes to support our brokers and their clients.”

“In this region there are a number of very successful locally-owned brokerage firms,” according to another founding Principal, Chris O’Connor.  “But what makes us different is that most of them only focus on one or two property types and submarkets.  At NAI Puget Sound Properties, we have specialists in all commercial property types and all Puget Sound area submarkets, and our affiliation with NAI Global provides us access to resources around the world.  Our clients appreciate that we are locally owned yet can support all their needs locally or around the world.  We are working hard to further enhance our services at NAI Puget Sound Properties, and look forward to working closely with Scott to accelerate our growth.”

About Scott Coombs

A 1980 graduate of the University of Washington, Coombs has served as a Director for numerous organizations including The Bellevue Chamber of Commerce, the Bellevue Boys and Girls Clubs, and the Washington State Chapter of NAIOP. He currently serves on the Board of Directors for the Commercial Brokers Association, The Urban Land Institute, and the Robert Vasen Foundation. Coombs is also active in the Building Owners and Managers Association and Society of Industrial and Office Realtors (SIOR).

Scott will work out of NAI Puget Sound Properties’ Seattle office.

 

NAI Puget Sound Properties

1700 Seventh Avenue, Suite 2050

Seattle, WA 98101


In the news:

Puget Sound Business Journal: NAI Puget Sound Properties names its first president, Scott Coombs

Read full article here.

Posted in In the News, News, Press Release, | Leave a reply

Congratulations to Arie Salomon – SIOR Industrial Broker of the Year!

Posted on November 9, 2015

Arie Salomon, SIOR, CCIM of NAI Puget Sound Properties was awarded the 2015 SIOR Industrial Broker of the Year award at the NAIOP Night of the Stars on November 6, 2015!

“I am very excited to get this award, but I know that the entire team’s efforts allowed me to win,” Arie responded after receiving the award. “This award belongs to our Southend Industrial Team – Jeff Forsberg who has been my partner for over 22  years, Taylor Hoff who joined the team 9 years ago and Patty Bell, my and Jeff’s assistant for over 11 years.  I am very proud to be a part of a very special group of people called NAI Puget Sound Properties.”

IMG_3872 edited
Arie has been one of the three finalists for the SIOR Industrial Broker of the Year for the State of Washington nine times (1997, 1998, 2004, 2006, 2007, 2008, 2013, 2014 and 2015); he won in 1998. This award is widely regarded as the highest professional recognition possible for a commercial real estate broker.

Full list of NAIOP 2015 Night of the Stars Winners

Read full article here.

Posted in News, Uncategorized, | Leave a reply

Featured Transaction – Design Imports Acquires 159,250 SF New Construction for $14,332,500

Posted on September 28, 2015

NAI Puget Sound Properties recently represented Design Imports in the acquisition of the Tamarack Building, a Class “A” industrial distribution warehouse located at 1607 136th Avenue E, Sumner, Washington.  Design Imports will continue to operate their office from their current property in Tukwila but will be relocating their warehouse operations to their newly constructed, stand alone building in Sumner. The 159,250 square foot space is situated on 6.93 acres with excellent access to SR 167.

The transaction closed on September 21, 2015 for $14,332,500.00.  Jeff Forsberg and Arie Salomon of NAI Puget Sound Properties brokered the transaction.

“The Tamarack Building represented a rare opportunity for an owner/user to acquire a state of the art facility in this highly competitive industrial market,” said Jeff Forsberg, Principal of NAI Puget Sound Properties. “The size, location and quality, will serve Design Import’s continued growth for years to come.”

Design Imports is a designer and manufacturer of a wide range of consumer products for kitchen & dining, cleaning accessories, pet accessories, and personal care products for spa and bath. Design Imports is a wholesale company with distribution to retailers, including brick & mortar stores in a variety of markets and extensive online distribution.

To learn more, visit www.DesignImports.com.

Read full article here.

Posted in Featured Transaction, News, Recent Transactions, | Leave a reply

Congratulations to Taylor Hoff, 2016 SIOR President-Elect

Posted on September 4, 2015

Congratulations to Taylor Hoff, who will serve as 2016 President-Elect for the WA State SIOR Chapter.

Taylor Hoff

The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS® is the leading professional commercial and industrial real estate association. With more than 3,000 members in more than 630 cities in 34 countries, SIOR represents today’s most knowledgeable, experienced, and successful commercial real estate brokerage specialists.

To learn more, visit SIOR Washington State Chapter.

Read full article here.

Posted in News, | Leave a reply

Featured Transaction – Game Over Videogames Expands into Northwest

Posted on August 14, 2015

Game Over Videogames is now open at Northgate Shopping Mall.  This is the second Pacific Northwest location for the Austin, Texas based independent chain of retro video game stores.  The new 1,353 square foot store follows close on the heels of the company‘s successful opening at Crossroads Shopping Center last December.

Sandra Hill of NAI Puget Sound Properties brokered the transaction.

“When you consider that 8 months ago Game Over didn’t exist here in the Northwest, this is an exciting beginning,” said Sandra Hill of NAI Puget Sound Properties. “And they are not finished yet!  Game Over will probably open at least one more store here in 2016.  It makes sense, especially since Seattle is often considered the ‘epicenter of the gaming industry’.  There are plenty of classic game aficionados around.”

northgate-mall

Game Over buys, sells, and trades all used video games, and in the process, gives gamers a top quality, one stop shop for all of their classic gaming needs.

To learn more, visit www.gameovervideogames.com.

Read full article here.

Posted in Featured Transaction, News, Recent Deals, Recent Transactions, Uncategorized, | Leave a reply

Timothy P. Doyle Joins NAI Puget Sound Properties

Posted on July 7, 2015

NAI Puget Sound Properties is pleased to welcome Timothy P. Doyle to our brokerage team as a Associate Vice President.

tdoyle

Timothy Doyle specializes in sales and leasing in the Greater Seattle area. Timothy is a strategic and experienced entrepreneur specializing in identifying and maximizing unique market opportunities.

Timothy’s experience includes leading complex deal negotiations and multi-million-dollar revenue streams for organizations such as Active Outdoor Media, Trueline Capital, Acceleration Partners, Exodus Communications, Biking Billboards and Activate.net.

Timothy will work out of NAI Puget Sound Properties’ Seattle office.

 

NAI Puget Sound Properties

1700 Seventh Avenue, Suite 2050

Seattle, WA 98101

Read full article here.

Posted in New Brokers, News, | Leave a reply

NAI Global Featured in Real Estate Forum Magazine

Posted on June 26, 2015

NAI Global is extremely proud to be featured in the cover story for the June issue of Real Estate Forum magazine. The article, titled, “A Managed Network of Owners,” quotes NAI Global President Jay Olshonsky, Geoff Woodward of C-III , NAI Global Chief Economist Peter Linneman and Steve Jaffe of BH Properties.

Real Estate Forum

NAI Puget Sound Properties is the locally owned commercial real estate firm which operates as the Western Washington affiliate of NAI Global. NAI Global is a commercial real estate organization with the passion, dedication and expertise to realize maximum potential and generate creative solutions
for our clients worldwide. Our collaborative services platform provides an expansive, yet nimble and responsive structure enabling us to efficiently deliver superior results.

View the full article, The Managed Network of Owners.

Read full article here.

Posted in In the News, NAI Global, News, Uncategorized, | Leave a reply

Featured Transaction – Gramercy Property Trust Acquires $28,086,069 3-Building Portfolio

Posted on June 4, 2015

NAI Puget Sound Properties recently represented Gramercy Property Trust in the acquisition of multiple properties spanning three markets which closed for $28,086,069 on May 7, 2015. These industrial properties total 238,037 square feet with one located at 2306 B Street in Auburn, Washington and two located in California in the cities of San Bernardino and Fairfield.

gramercy-auburn

All of the buildings are subject to a long term leases. Gramercy Property Trust, Inc. is a leading global investor and asset manager of commercial real estate. The company specializes in acquiring and managing single-tenant, net-leased industrial and office properties.

Jeff Forsberg and Arie Salomon of NAI Puget Sound Properties brokered the transaction.

“This sale solidifies Gramercy’s position as a player in our hot industrial market,” said Jeff Forsberg, Principal of NAI Puget Sound Properties. “They have now purchased three industrial buildings in our region in the past six months, recently purchasing properties from LBA in Puyallup and Kent.”

Read full article here.

Posted in Featured Transaction, News, Recent Deals, Recent Transactions, | Leave a reply

Alan D. Robertson Joins NAI Puget Sound Properties

Posted on June 2, 2015

NAI Puget Sound Properties is pleased to welcome Alan D. Robertson to our brokerage team as a Senior Vice President.

Alan Robertson has joined NAI Puget Sound Properties with over 29 years of commercial real estate experience within the Greater Puget Sound region. During his first seven years in commercial real estate with Grubb & Ellis, Al served primarily as a Corporate Representative for national and local firms completing over 3.5 million square feet of real estate transactions. In 1992, Al joined Kidder Mathews and has since expanded his services to include development design and entitlement, construction project management and corporate services/consultation.

arobertson

Alan D. Robertson – Senior Vice President

Al will work out of NAI Puget Sound Properties’ Bellevue office.

Read full article here.

Posted in New Brokers, News, Uncategorized, | Leave a reply

Recent Transactions – February 2015

Posted on March 28, 2015

Commencement Date: December 15, 2014
Brokers: Billy Poll, CCIM & Dean Altaras, CCIM
Tenant: Northwest Fluid Solutions
Landlord: Eastside Bridge Center
Property Name: Quadrant Center
Property Address: 12310 134th Court NE, Redmond, WA
Square Feet: 1,922 SF Industrial 

Commencement Date: January 1, 2015
Brokers: Billy Poll, CCIM & Dean Altaras, CCIM
Tenant: Millionair Club, Inc.
Landlord: 2212 First Avenue, LLC
Property Name: The Kasota Apartments
Property Address: 2212 First Avenue, Seattle, WA
Square Feet: 13,320 SF SRO Apts.
Details: This will be the first transitional housing for the Millionair Club Charity.

Closing Date: February 13, 2015
Brokers: Jeff Forsberg, CCIM, Arie Salomon, SIOR, CCIM & Lee Shephard
Buyer: Pacific Northwest Warehouses, Inc.
Seller: WashTech, LLC
Property Name: Washington Technical Center
Property Address: 1000 SW 7th Street, Renton, WA
Square Feet: 16,716 SF Industrial
Sale Price: $2,625,000
Co-Broker: Dan Stutz, CBRE

Closing Date: February 20, 2015
Brokers: Billy Poll, CCIM & Dean Altaras, CCIM
Buyer: Mark and Diane Cushing
Seller: Ronnie and Roberta McDonald
Property Name: Goodyear Tire Building Renton
Property Address: 207 South 3rd Street, Renton, WA
Square Feet: 6,000 SF Retail
Sale Price: $830,000
Co-Broker: Gary Danklefson, Commerce RE Solutions

Read full article here.

Posted in News, Recent Deals, | Leave a reply

Recent Transactions – January 2015

Posted on March 31, 2015

Commencement Date: November 1, 2014
Brokers: Billy Poll, CCIM
Tenant: Seattle Surf Company
Landlord: Ramco Construction Tools, Inc.
Property Address: 831 Seattle Blvd, Seattle, WA
Square Feet: 3,000 SF Industrial
Co-Broker: Susanna Tran, West Coast Commercial

Commencement Date: November 15, 2014
Brokers: Arie Salomon, SIOR, CCIM & Jeff Forsberg, CCIM
Tenant: Boyce Commercial Services
Landlord: Prologis
Property Name: Prologis Park Renton
Property Address: 1040 Thomas Avenue SW, Renton, WA
Square Feet: 21,600 SF Industrial 

Commencement Date: January 1, 2015
Brokers: Billy Poll, CCIM & Dean Altaras, CCIM
Tenant: 12 Baskets Cafe
Landlord: Harsch Investment Properties
Property Name: Plaza 520
Property Address: 13112 NE 20th Street, Suite 300, Bellevue, WA
Square Feet: 2,706 SF Retail
Co-Broker: Imata Katsuta, ReMax Commercial

Closing Date: January 6, 2015
Brokers: Richard Peterson & Chris Peterson
Buyer: Dulcich Realty, Inc.
Seller: HiTech Properties
Property Name: Center 44 Land Site
Property Address: 82xx 44th Avenue W Mukilteo, WA
Square Feet: 4.5 Acres Land
Sale Price: $2,650,000
Co-Broker: Steve Henderson & Eric Meussner, Broderick Group
Details:  This land sale achieved a new market high for industrial land. NAI Puget Sounds Properties created value for Owner by removing wetlands and assembling adjacent properties to make the site more functional/saleable for Owner.

Closing Date: January 23, 2015
Brokers: 
Kim Marvik 
Buyer: 
Robert Murnen & Don Winton 
Seller: 
1530 South Union Avenue Associates, LLC
Property Name: 
1530 South Union Professional Medical Building
Property Address: 
1530 South Union Avenue, Tacoma, WA
Square Feet: 
19,643 SF Office
Sale Price: 
$3,655,000
Co-Broker:
Rob Fovenza & Sam Peterson, Applied Capital, LLC
Details: 
Medical office investment. Reflects increased investor activity in Pierce County.

Commencement Date: April 11, 2015
Brokers: Jeff Forsberg, CCIM & Arie Salomon, SIOR, CCIM
Tenant: Kimara,Inc dba Aayers Flooring
Landlord: Dickson Bros., LLC
Property Name: Pacific Gateway – Tri State Building
Property Address: 20119 59th Pl. S, Kent, WA
Square Feet: 10,000 SF Industrial
Co-BrokerAleksandr Yeremeyer, Colliers

Commencement Date: June 1, 2015
Brokers: Jeff Forsberg, CCIM
Tenant: CTE Logistics
Landlord: DCT
Property Name: White River Corp Park – Sockeye Building
Property Address: 4267 142nd Avenue E, Sumner, WA
Square Feet: 62,895 SF Industrial
Co-BrokerMatt McGregor & Billy Condon, Colliers International

Read full article here.

Posted in News, Recent Deals, | Leave a reply

Featured Transaction – James Hardie Building Products, LLC Purchases Frederickson Industrial Center for $27,900,000

Posted on September 11, 2014

James Hardie Building Products, LLC purchased Frederickson Industrial Center for $27,900,000 from Key Development Investment, LLC (closed September 11, 2014).

frederickson-industrial-large

Frederickson Industrial Center, a multi-building industrial center containing 372,412 square feet of industrial space, is situated on 47-acres.  This purchase is very significant, and it will add many new high-paying jobs to Pierce County.

Christian (Kit) Mattson and Billy Moultrie of NAI Puget Sound Properties represented the buyer in this transaction.

“This transaction is not only an expansion, but it also represents James Hardies’ commitment to Pierce County and the Pacific Northwest,” said Christian Mattson, Vice President of NAI Puget Sound Properties. “This is a manufacturing transaction, not just distribution, so it means a sizable impact in terms of real living wage jobs.  With the various plants around the country, we are excited that James Hardie has shown confidence in the Pacific Northwest region and the potential here for long-term growth.”

In the News!

Puget Sound Business Journal, article by Marc Stiles – Building products maker cements ties to Pierce County with $28M acquisition

The News Tribune, article by Kathleen Cooper – Manufacturer to expand in Frederickson with $28 million purchase

Read full article here.

Posted in Featured Transaction, In the News, News, Recent Deals, Recent Transactions, Tacoma, | Leave a reply

Featured Transaction – Pure Storage at City Center Bellevue

Posted on July 18, 2014

Steve Balkman, CCIM represented Pure Storage as they leased 4,612 square feet commencing on July 22, 2014 in City Center Bellevue (500 108th Avenue NE, Bellevue, WA).  This property is located in the heart of the Bellevue CBD commercial real estate market.

city-center-bellevue

Pure Storage is a fast-moving Silicon Valley tech company.  This location is their first Puget Sound office as they look to gain market share in cloud storage.

 

Read full article here.

Posted in Featured Transaction, News, Recent Transactions, | Leave a reply

Recent Transactions – October 2014

Posted on March 31, 2014

Commencement Date: September 1, 2014
Brokers: Mike George, Taylor Hoff, Richard Peterson, & Chris Peterson
Tenant: NW Kidney Center
Landlord: Kent Investors, LLC
Property Name: Kent Business Center
Property Address: 25316 74th Ave. S, Suite 101, Kent WA
Square Feet: 14,145 SF Office

Commencement Date: September 15, 2014
Brokers: Jeff Forsberg, CCIM, Arie Salomon, SIOR, CCIM, & Billy Moultrie
Tenant: SITECH Northwest, Inc.
Landlord: Invesco
Property Name: Oakesdale Commerce Center
Property Address:
 1000 SW 34th St., Suite C, Renton, WA
Square Feet: 3,816 SF Industrial

Commencement Date: November 15, 2014
Brokers: Sandra Hill
Tenant:  Game Over Videogames
Landlord: Terranomics Crossroads Associates
Property Name: Crossroads Shopping Center
Property Address:
 1300 156th Ave NE, Bellevue, WA
Square Feet: 1,427 SF Retail

Commencement Date: October 1, 2014
Brokers: Jeff Forsberg, CCIM, Billy Moultrie, & Arie Salomon, SIOR, CCIM
Tenant: Bergelectric
Landlord: Invesco
Property Name: Oakesdale Commerce Center
Property Address:
 810 SW 34th St., Suites D & E, Renton, WA
Square Feet: 6,038 SF Industrial

Commencement Date: October 1, 2014
Brokers: Chad Waldbaum, CCIM
Tenant: Rain City Capital
Landlord: Touchstone Building, LLC
Property Name: Touchstone Office Building
Property Address:
 12131 113th Ave. NE, Kirkland, WA
Square Feet: 4,235 SF Office

Closing Date: October 15, 2014
Brokers: Janet Backus
Buyer:  Axis Apartments, LLC
Seller: Michael L Dootson
Property Name: Michael L Dootson  
Property Address:
 APN# 005380-000-012-00
Sale Price: $700,000
Details:  One part of a 5-parcel assemblage totaling 8.5 acres for a 280 unit multifamily development called Axis Apartments.

Closing Date: October 15, 2014
Brokers: Janet Backus
Buyer:  Axis Apartments, LLC
Seller: Earl Family Arondale
Property Name: Earl Family Arondale
Property Address:
 APN# 005380-000-031-01
Square Feet: 0.34 Acres
Sale Price: $107,500
Details:  One part of a 5-parcel assemblage totaling 8.5 acres for a 280 unit multifamily development called Axis Apartments.

Closing Date: October 15, 2014
Brokers: Janet Backus
Buyer:  Axis Apartments, LLC
Seller: Evelyn T Chapman Trust
Property Name: Evelyn T Chapman Trust 
Property Address:
 11919 Alexander Road, Everett, WA 98204
Sale Price: $800,000
Details:  One part of a 5-parcel assemblage totaling 8.5 acres for a 280 unit multifamily development called Axis Apartments.

Commencement Date: October 15, 2014
Brokers: Chad Waldbaum, CCIM
Tenant: Frameworks LTR
Landlord: Slater Park, LLC
Property Name: Slater Park Building
Property Address: 11828 Slater Ave NE, Kirkland, WA
Square Feet: 3,336 SF Office

Closing Date: October 24, 2014
Brokers: Jeff Forsberg, CCIM & Arie Salomon, SIOR, CCIM
Buyer:  Metropolitan Hardwood Floors (US), Inc.
Seller: Cabot II – WA1M01, LLC
Property Name: Cabot @ S. 216th
Property Address: 8030 S. 216th St., Kent, WA
Square Feet: $106,910 Industrial
Co-Broker: Brian Bruininks, Andover Company
Sale Price:
$9,213,660
Details:  Previously sold this property in 2005. NAI Puget Sound Properties secured two long-term tenants and the seller profited nicely in the sale.

Commencement Date: November 1, 2014
Brokers: Billy Poll, CCIM & Dean Altaras, CCIM
Tenant: The David J Joseph Company
Landlord: Courter Enterprises, LLC
Property Name: Newport Heights Building
Property Address: 13231 SE 38th St., Suite 120, Bellevue, WA
Square Feet: 1,297 SF Office

Commencement Date: November 1, 2014
Brokers: Jeff Tillman
Tenant: Anges Cleaners
Landlord: Highland Two, LLC
Property Name: Highland Village
Property Address: 14419 Greenwood Ave. N, Suite F, Seattle, WA
Square Feet: 1,202 Retail
Co-Broker: John Miller, CBRE

Commencement Date: November 1, 2014
Brokers: Billy Poll, CCIM & Dean Altaras, CCIM
Tenant: Redmond Ridge Eyecare
Landlord: Redmond Plaza II, LLC
Property Name: The Village of Redmond Ridge
Property Address: 23535 NE Novelty Hill Road, Redmond, WA
Square Feet: 1,440 SF Retail
Co-Broker: Marc Wilson &  Dick Wilson, Wilson Management Services

Read full article here.

Posted in News, Recent Deals, | Leave a reply

Recent Transactions – May 2014

Posted on

Commencement Date: February 15, 2014
Brokers: Billy Moultrie & Christian Mattson (Tacoma Office)
Tenant: Scharmach Enterprises, Inc.
Landlord: Prologis
Property Name: Trans-Pacific Industrial Park
Property Address: Building 6, 4101 Industry Drive E, Fife, WA
Square Feet: 7,500 SF
Property Type: Industrial
Co-Broker: Monte Decker – CBRE

Commencement Date: May 1, 2014
Brokers: Bob Swain, Tamir Ohayon & John Vernon (Bellevue Office)
Tenant: Boyce Construction
Landlord: CSHV NWCP Seattle
Property Name: NW Corporate Park Seattle
Property Address: 628 S Brandon St, Seattle, WA
Square Feet: 2,855
Property Type: Industrial & Office

Commencement Date: May 1, 2014
Broker: Dean Altaras (Bellevue Office)
Tenant: Betsy Lufburrow, MD
Landlord: North Seattle Professional Center, LLC
Property Name: North Seattle Professional Center
Property Address: 9730 Third Avenue NE, Suite 206, Seattle, WA
Square Feet: 819 SF
Property Type: Office

Commencement Date: May 1, 2014
Brokers: Billy Poll & Dean Altaras (Bellevue Office)
Tenant: Jonathan M. Reese
Landlord: Greater Hilands, LLC
Property Name: Greater Hilands Shopping Center
Property Address: 2806 NE Sunset Blvd., Suite H, Renton, WA
Square Feet: 650 SF
Property Type: Office

Commencement Date: May 1, 2014
Brokers: Billy Poll & Dean Altaras (Bellevue Office)
Tenant: Scott Donogh Homes
Landlord: Greater Hilands, LLC
Property Name: Greater Hilands Shopping Center
Property Address: 2806 NE Sunet Blvd., Suite F, Renton, WA
Square Feet: 650 SF
Property Type: Office

Commencement Date: May 1, 2014
Brokers: Billy Poll & Dean Altaras (Bellevue Office)
Tenant: Bloom Training and Consulting
Landlord: Greater Hilands, LLC
Property Name: Greater Hilands Shopping Center
Property Address: 2806 NE Sunset Blvd., Suite E, Renton, WA
Square Feet: 844 SF
Property Type: Office

Commencement Date: May 1, 2014
Brokers: Dean Altaras (Bellevue Office)
Tenant: Jeffrey Del Green, DDS
Landlord: North Seattle Professional Center, LLc
Property Name: North Seattle Professional Center
Property Address: 9730 Third Avenue NE, Seattle, WA
Square Feet: 687 SF
Property Type: Office

Commencement Date: May 15, 2014
Brokers: Dean Altaras & Billy Poll (Bellevue Office)
Tenant: Dental Health Services
Landlord: Selig Real Estate Holdings Twenty-Two
Property Name: 100 West Harrison, South Tower
Property Address: 100 West Harrison, Seattle, WA
Square Feet: 4,185 SF
Property Type: Office – With just 60 days notice, we were able to assist the client with a significant relocation after 25 years in the same location.
Co-Broker: Martin Selig Real Estate

Closing Date: May 23, 2014
Brokers: Billy Poll & Dean Altaras (Bellevue Office)
Buyer: John A. Guinn
Seller: MASSART Properties, LLC
Property Address: 13035 Lake City Way NE, Seattle, WA
Square Feet: 8,523 SF
Property Type: Retail
Co-Broker: Charlie Cowan – Windermere Commercial
Sale Price: $1,225,000

Closing Date: May 23, 2014
Brokers: Billy Poll & Dean Altaras (Bellevue Office)
Buyer: Zarnoor Associates, LLC
Seller: Renton Highland Associates, LLC
Property Address: 960 Harrington Avenue NE, Renton, WA
Square Feet: 4,705 SF
Property Type: Retail
Sale Price: $1,330,000

Closing Date: May 29, 2014
Broker: Dick Paylor (Bellevue Office)
Buyer: Mercury Holdings, LLC
Seller: Marian K. Johnson, et al
Property Name: Johnson Property
Property Address: 18305/15 98th Avenue NE, Bothell, WA
Square Feet: 24,000 SF
Property Type: Multi-family land
Sale Price: $750,000

Commencement Date: June 1, 2014
Broker: Steve Balkman (Bellevue Office)
Tenant: CareCap
Landlord: Talon Private Capital
Property Name: Gateway One
Property Address: 11400 SE 8th Street, Suite 210, Bellevue, WA
Square Feet: 3,331
Property Type: Office
Co-Broker: Bob Conrad – Kidder Mathews

Commencement Date: June 1, 2014
Brokers: Billy Poll & Dean Altaras (Bellevue Office)
Tenant: Qliance
Landlord: Northup Place, LLC
Property Name: Northup Place
Property Address: 15419 NE 20th Street, Suite 102-103, Bellevue, WA
Square Feet: 6,655 SF
Property Type: Office
Co-Broker: Clay Nielson & Blair Stern – Washington Partners

Commencement Date: June 30, 2014
Brokers: Arie Salomon & Jeff Forsberg (Bellevue Office)
Tenant: Out of the Box Manufacturing
Landlord: Oakesdale Business Park D, LLC (Principal)
Property Name: Oakesdale Business Campus
Property Address: 1600 SW 43rd Street, Renton, WA
Square Feet: 16,560 SF
Property Type: Industrial
Co-Broker: Troy Stark – Colliers International

Commencement Date: August 1, 2014
Broker: Jeff Tillman (Seattle Office)
Tenant: Loan Nguyen DDS, PLLC (Village Kids Dentistry)
Landlord: MGP 44, LLC
Property Name: The Corydon & Merrill Gardens at University
Property Address: 5101 25th Avenue NE, Space 6, Seattle, WA
Square Feet: 2,147 SF
Property Type: Office/Dental
Co-Broker: Kathleen Taylor & Monica Wallace – Wallace Properties

Commencement Date: September 1, 2014
Broker: Jeff Tillman (Seattle Office)
Tenant: Dermatology Center for Animals, Inc.
Landlord: Charles K. Mills Family Estate
Property Address: 430 Yale Avenue N, Seattle, WA
Square Feet: 3,528 SF
Property Type: Office
Co-Broker: Charlie Mills & Ken Hirata – Kidder Mathews

Read full article here.

Posted in News, Recent Deals, | Leave a reply

Featured Recent Deals – March 2014

Posted on

Commencement Date: March 1, 2014
Broker(s):
 Billy Poll & Dean Altaras (Bellevue Office)
Tenant: Epifanio Palomares
Landlord: Greater Hilands, LLC
Property Name: Greater Hilands Shopping Center
Property Address: 2830 Sunset Land NE, Renton, WA
Square Feet: 1,128 SF
Property Type: Retail building

Commencement Date: March 1, 2014
Broker(s):
 Billy Poll & Dean Altaras (Bellevue Office)
Tenant: Sherwin Williams
Landlord: Tovah Corporation
Property Name: Gilman’s Corner
Property Address: 600 NW Gilman Blvd., Suite A-1, Issaquah, WA
Square Feet: 2,210 SF
Property Type: Retail building

Commencement Date: March 1, 2014
Broker(s):
 Mike George & Steve Balkman (Bellevue Office)
Tenant: Sound Oxygen Services, Inc.
Landlord: Auburn Park, LLC
Property Name: Auburn Park
Property Address: 1449 W Valley Hwy N, Auburn, WA
Square Feet: 1,241 SF
Property Type: Office building

Commencement Date: March 1, 2014
Broker:
 Bob Swain (Bellevue Office)
Tenant: Creative Label
Landlord: SFERS Real Estate
Property Name: Park East Business Park
Property Address: 18005 NE 68th Street, Redmond, WA
Square Feet: 4,740 SF
Property Type: Manufacturing
Co-Broker: Steve Henderson

Date: March 19, 2014
Broker(s):
 Jeff Forsberg, Billy Moultrie & Arie Salomon (Bellevue & Tacoma Offices)
Tenant: Greensource Brand Apparel, Inc.
Landlord: Oakesdale, LLC (Invesco)
Property Name: Oakesdale Commerce Center
Property Address: 1020 SW 34th Street, Renton, WA
Square Feet: 28,209 SF
Property Type: Warehouse
Description:
Lease renewal
Co-Broker: Brian Bruininks, The Andover Co.

Commencement Date: 4th Quarter 2014
Broker(s):
 Barry Kelly (Bellevue Office)
Tenant: Planet Fitness
Landlord: Lacey Market Square I, LLC
Property Name: Lacey Market Square
Property Address: 720 Sleater Kinney Road, Lacey, WA
Square Feet: 20,400 SF
Property Type: Retail
Description:
 Fitness facility/gym.  First location in Thurston County.

Read full article here.

Posted in News, Recent Deals, | Leave a reply