tacoma

It’s a prime piece of property in the heart of downtown Tacoma, near McMenamins Elks Temple and Old City Hall. Plans for demolition of what’s known as Graffiti Garages, 725 Broadway, and redevelopment into new apartments date back to 2014. Its 3-year development qualification for an 8-year multifamily property tax exemption (MFTE) expires in December. “Savvy investors cautiously love distressed properties,” said Harrison Laird, a principal with Lee & Associates commercial real estate services. Laird…

TACOMA, WA (November 1, 2024) — Lee & Associates announced today that 1102 Broadway has reached 100% occupancy following seven new lease signings in the past six months, highlighting strong demand for premium office space in downtown Tacoma’s thriving market. The latest wave of leasing activity includes the highly anticipated relocation of the popular dining and happy hour spot, Wooden City, which will occupy prime street-level space. Additional new tenants include Fox Ballard PLLC, environmental…

November 7, 2024 (Bellevue, WA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, is pleased to announce the successful lease of a 149,340-square-foot warehouse, along with three acres of secured auxiliary yard/parking, at Tumwater Corporate Center in Tumwater, WA. The tenant, Daedong-USA, Inc., a leading Korean tractor manufacturer, will use the facility to distribute products under its Kioti brand, imported through the Northwest Seaport Alliance’s North and South bays….

July 11, 2024 (Tacoma, WA) – Lee & Associates Commercial Real Estate Services is pleased to have brokered the lease of 1305 Tacoma Avenue, located in Tacoma, WA on behalf of their clients, 1305 Tacoma Building LLC and Dungarvin Washington Supported Living, LLC. Dungarvin signed a lease for 18,296 SF at 1305 Tacoma Avenue starting October 1, 2024. It will be relocating from 20,150 SF at its current location, 8815 South Tacoma Way in Lakewood, WA….

May 1, 2024 – Tacoma, WA – Electric vehicle maker Rivian Automotive Inc. (Nasdaq: RIVN) leased a 54,000-square-foot industrial building at 1323 34th Ave. E. in Fife last week. The move was announced by Vanessa Herzog of Lee & Associates, who helped broker the deal on behalf of the building’s owner, industrial real estate investor Berkeley Partners. It is not clear how Rivian will use the space, though the company’s website shows a service center is coming…

November 14, 2023 – Tacoma, WA – Lee & Associates is pleased to announce the successful facilitation of a 19,908 square foot office space sublease at 1498 Pacific Avenue, Tacoma. Harrison Laird and John Bauder, representing Sound Physicians, have effectively brokered this sublease to Milgard Manufacturing. The lease is scheduled to begin on February 1, 2024. 1498 Pacific, a Class A office building located in the heart of downtown Tacoma, was recently acquired by private…

June 1, 2023 (Tacoma, WA) – Lee & Associates Commercial Real Estate Services is pleased to have brokered two leases for the Tacoma Comedy Club.  The Club will move and expand into new space at 936 Pacific Avenue in downtown Tacoma, plus will open a new, second location along Tacoma’s 6th Avenue. The locally owned entertainment provider opened their current Market Street location in 2010.  In their new space  at 936 Pacific Avenue, the venue…

April 28, 2022 (Tacoma, WA) – On the market for the first time in decades are the Tacoma Super Block and the 12th & A Street property, two premier development sites in downtown Tacoma’s commercial core. John Bauder and Harrison Laird of Lee & Associates Commercial Real Estate Services have been retained to represent the owner in the disposition. Known as the Tacoma Super Block, the larger of the two sites is nearly 2 acres and two…