September 30, 2022 (Seattle, WA) – Lee & Associates Commercial Real Estate Services is pleased to have represented Sound Credit Union in its 22,721 SF lease at Pacific Plaza, located at 1250 Pacific Avenue in Tacoma, Washington. Harrison Laird of Lee & Associates represented the Tenant; the Landlord, Pacific Plaza Development LLC was represented by Chris Highsmith, Mike Hickey and Briana Hickey of Neil Walter Company. Sound Credit Union has been headquartered in downtown Tacoma…
Arlington Retail Center Purchased for $7.165M
September 19, 2022 (Bellevue, WA) – Lee & Associates Commercial Real Estate Services is pleased to have brokered the acquisition of Smokey Point Plaza, a 24,794 square-foot retail center located in Arlington, WA, on behalf of their client 7 Lakes Development. Located on 172nd Street NE in Arlington, Smokey Point Plaza was purchased for $7,165,000. The retail center consists of 13 tenants and was 100% occupied at the time of sale. Less than one mile…
Comprehensive Life Resources Purchases ±47,000 SF Building in Downtown Tacoma
August 25, 2022 (Bellevue, WA) – Lee & Associates Commercial Real Estate Services is pleased to have brokered the acquisition of 737 Fawcett Avenue located in Tacoma, WA to Comprehensive Life Resources. The +/- 47,000 SF office building and associated parking lots, located in downtown Tacoma, transacted at $3,607,000, approximately $76 per square foot for the building, which included 137 parking stalls. The property was owned by MultiCare Health System and was listed by CBRE…
$24.5 Million Maltby Single Tenant Industrial Purchase
104,672 SF Manufacturing Building Sells for $24.5 Million August 25, 2022 (Bellevue, WA) – Lee & Associates Commercial Real Estate Services is pleased to have assisted Cairn West in its acquisition of the OSW facility, a 104,672 SF industrial/heavy manufacturing building centrally located in Maltby, WA. The OSW Building, which transacted at $24,500,000, was completed in 2018 and is a specialty single tenant industrial and manufacturing building located on 10.14 acres. The state-of-the-art facility was…
NEW CONSTRUCTION FROM LOCAL WEST COAST INDUSTRIAL DEVELOPER TO BRING 87,060 SF TO NE LACEY
August 22, 2022 (Seattle, WA) – West Coast industrial real estate developer Slattery Properties has commenced construction on their newest industrial warehouse space at 8551 Commerce Place Drive NE in Lacey, WA. The 87,060 SF facility is the 8th industrial building located in Thurston County developed by the Seattle based owner. The walls are tilted on the forthcoming for-lease warehouse and manufacturing space, currently known as Commerce Place Industrial, and full completion is anticipated in Q4 of…
$45 MILLION LAKE TYE BUSINESS CAMPUS SALE
August 15, 2022 (Seattle, WA) – Lee & Associates Commercial Real Estate Services is pleased to have represented Redmond 8660, LLC in its acquisition of Lake Tye Business Campus, an eight building flex industrial park centrally located in the Fryelands industrial hub of Monroe, WA. The Lake Tye Business Campus is 214,364 square feet located on eight separate parcels totaling 12.6 acres, and transacted at $45,000,000.00. Built in phases from 2004 to 2019, the Lake…
WEST RIDGE APARTMENTS IN SOUTH EVERETT SELLS FOR $12MM
SOLD FOR THE FIRST TIME SINCE DEVELOPMENT IN 2000 August 8, 2022 (Seattle, WA) – Lee & Associates Commercial Real Estate Services is pleased to announce the disposition of West Ridge Apartments located in Everett, Washington to a private investor, on behalf of their client 7 Lakes Development. The West Ridge Apartments, located just off I-5 and 128th Street SW in Everett, sold for $12,000,000 cash. The 36-unit market-rate multifamily asset is situated on 1.64…
DUKE’S SEAFOOD BUILDING SELLS FOR $6.25 MILLION
Long-time Ruston Way Restaurant to Remain as Tenant July 27, 2022 (Tacoma, WA) – Lee & Associates Commercial Real Estate Services is pleased to have brokered the acquisition of Duke’s Seafood building, located on the Ruston Way waterfront in Tacoma, Washington. John Bauder and Harrison Laird represented the Buyer, JGSL Partners, LLC, who purchased the property from SCG Ruston Way Restaurant LLC on July 27, 2022. The property transacted at $6,250,000, approximately $1,179 per square…
MAJOR SALE IN FREMONT | FREMONT COURT
July 26, 2022 (Seattle, WA) – Lee & Associates Commercial Real Estate Services is pleased to announce that Fremont Court, a 35 unit mixed use building in Fremont sold Monday for $17,415,000. The building is located at 3414-3424 Fremont Avenue N & 705-711 N 35th St, Seattle, WA 98103, and is a collection of 17 residential units and 18 commercial units, making it a true mixed-use building. The transaction was brokered by the Lee &…
Fourth & Union | Men’s Wearhouse Building
Value-Add | Repositioning Investment Sale July 15, 2022 (Seattle, WA) – Lee & Associates Commercial Real Estate Services is pleased to have represented the seller in the disposition of Fourth & Union, a/k/a Men’s Wearhouse Building, a 21,713 square foot historically landmarked building located in Seattle, WA, to Rosauer Real Estate, LLC. “I’m a big believer in downtown Seattle,” the Buyer, Matt Rosauer a local real estate investor, said. “I’m looking forward to owning this…