(206) 332 1478
(425) 829 8098
(425) 455 9138
Bellevue Office (HQ)
10900 NE 8th St
Bellevue, WA 98004
Rich Mermelstein has been involved in the local commercial real estate market for three decades, specializing in office leasing, investment sales (which he conducts locally, nationally, and internationally), and advisory services. At the heart of his role with NAI Puget Sound Properties is his work with family-run businesses and nonprofits; he supports these clients through a variety of tasks, from the buying and selling of land to the leasing of office and industrial spaces and more. His work is largely territory based. He primarily operates in Seattle’s close-in and peripheral markets, including those in the Capitol Hill, Queen Anne, South Lake Union, Pioneer Square and Ballard neighborhoods.
Rich started in the commercial real estate business in 1989, and in 1990, he was named the Colliers International Rookie of the Year. For the 20 years he spent at Colliers, Rich was recognized both locally and nationally as a top producer. In 2010, Rich was recruited to NAI PSP as a Partner. Rich has represented landlords for the leasing of over five million square feet of space and his extensive list of transactions totals more than $250 million.
What Rich values most about his role is that it grants him the opportunity help others; over the years, he’s earned a solid reputation among clients and industry peers for his negotiation style, professionalism, and positive attitude. This reputation is no coincidence—he makes an active effort to establish and maintain long-term relationships with peers and clients that are rooted in trust, transparency, and positivity, always making an effort to return calls, listen to his clients, and follow through on what he says he’s going to do. He strives to make everyone he comes into contact with feel important and as a personal mission statement, he follows the Mandino maxim, “I will persist until I succeed.” This dedication to honesty and tenacity are evident in his spotless track record—a rarity in the commercial real estate industry.
For Rich, one of the perks of working at NAI PSP is the opportunity to be around successful people that keep integrity—one of his own core values—at the center of what they do. He both respects and trusts his colleagues and appreciates the team approach that is both fundamental to the NAI PSP company culture and unparalleled elsewhere. Rich, himself, is a member of NAI PSP’s Company Culture Committee, where he and his team work to scale this culture up as the company expands.
In his spare time, Rich loves to play golf, spend time at the lakehouse with his family, travel, and mentor others in the art of positive living. He was the youngest-ever Director of the Bellevue Boys and Girls Club and he coached football for many years. He’s also spent time as a board chairman for a group home for children with disabilities, which he helped convert to an adult residential program as the children got older. In addition, he’s volunteered with the Washington Special Olympics for over two decades and takes pride in the fact that through coaching and community service, he’s built up multigenerational relationships with leaders young and old.
NAI Puget Sound Properties (2010 - Present)
Colliers International (1989 - 2010)
B.A. in Political Science - University of Washington
CBA - Commercial Brokers Association
WSCAR - Washington State Commercial Association of Realtors
Board of Directors - Bellevue Boys and Girls Club
University of Washington Alumni Association
Columbia West Properties
Goodman Real Estate
Hays Elliott Properties, LLC
Lowe Enterprises Northwest
Northwest Danish Foundation
Print Time, Inc.
Pure Water Corporation, an AquaSource Company
Samis Land Company
The Blume Company
The Seattle Times Company
Washington State Employees Credit Union
Yen Lui Family