SEATAC, WA (July 23, 2025) —Flying Food Group has leased 95,700 square feet at an industrial building in SeaTac. The space is located in Bridge Industrial’s 169,600-square-foot Bridge Point SeaTac 300 building, which was completed in 2024. Flying Food is the building’s first tenant. The Chicago-based airline catering company’s lease at 1410 S. 200th St. will expand its footprint, according to a spokesperson for Lee & Associates. Flying Food currently leases a building within Sea-Tac…
Iconic Greenwood Car Wash Property in Seattle Sold for $1.5 Million
July 7, 2025 (Seattle, WA) – Lee & Associates is pleased to announce the successful sale of a 0.39-acre (16,741 SF) dual-zoned development site located at 655 NW 85th in Seattle, WA, on behalf of the seller for $1,500,000. Operating as a self-service car wash since the late 1960s, this property has remained under the same family ownership for decades, becoming a recognizable and well-loved fixture in the community. The transaction drew strong interest from…
Downtown Tacoma Sees Rare Office Sale Amid Cautious Market
TACOMA, WA (July 7, 2025) —A downtown Tacoma office building has sold in the first office transaction of more than $2 million in the city this year, Pierce County records show. The 28,460-square-foot building at 1142 Broadway traded in an off-market transaction in mid-June for $2.7 million, 30% below its assessed value of $3.9 million. Lee & Associates brokers Harrison Laird and John Bauder represented the buyer. The three-story, 1916 building “is an investment property…
Amazon’s Project Kuiper expands Redmond footprint
The building is about 21,600 square feet, 16,500 of which is office and flex space and 5,130 is warehouse space, according to a building brochure. Listed as available starting in October, the office has a 24-foot clear height and grade-level parking. The lease will grow Amazon’s footprint in Redmond, a burgeoning space district that’s also home to operations by SpaceX and Microsoft’s Azure Orbital. “(The building) is everything, like any engineer’s dream. They have a space that’s so versatile,” Lisa…
21-Unit Mixed-Use Apartment Asset in Seattle’s Green Lake Hits the Market for $11.99MM
A boutique mixed-use multifamily asset at 1400 N 80th St. in Seattle’s Green Lake neighborhood has hit the market with an asking price of $11.99 million, or approximately $500,000 per unit. The 21-unit property, named Greenlake Pointe, totals 20,672 square feet and includes three fully leased ground-floor retail suites and 31 dedicated parking stalls. The listing is being marketed by Lee & Associates on behalf of the original developer-owner. According to King County public records,…
Vibe Redmond Office Complex Sells for $45M
Vibe Redmond is located at 5000, 5010 and 5020 148th Ave. NE in Redmond, next to Nintendo of America and near Microsoft. The office complex, known as Redmond Woods, was developed in 1982 and sits on 7.7 acres, totaling 146,165 square feet. Medina Academy will use Building A for a middle school and high school. MAPS will convert Building C into a mosque and spiritual center once the property is vacated. MAPS also plans to make Building…
Infamous downtown Tacoma property hit with ‘notice of abandonment’ designation
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…
72,000 SQFT Industrial Development Opportunity in Seattle Hits the Market
READ PRODUCTS INTERBAY, a two-building industrial property totaling 72,606 square feet of warehouse and office space, has been brought to market in Seattle’s Interbay district. The offering comprises 3615 15th Ave W and 3635 Thorndyke Ave W, which collectively span 3.06 acres. The property is being offered by Lee & Associates on behalf of the long-time owner. The broker has announced that Read Products Interbay presents an opportunity for owner-users, value-add investors, or developers to…
Two-Parcel Hillside Off Main Development Opportunity in Downtown Bellevue Hits the Market
BELLEVUE—Hillside Off Main, a two-parcel multifamily development opportunity in the heart of Downtown Bellevue, is now on the market. Located at 119 107th Ave SE, the combined site spans 23,100 square feet and is zoned R-30, offering a chance to invest in one of the region’s most land-constrained urban cores. The property includes an eight-unit apartment building originally constructed in 1954, totaling 6,036 gross square feet (5,276 net square feet). Lee & Associates, which is…
South Sound Industrial Market Navigates Rising Costs, Trade Shifts, and Evolving Tenant Demand
SOUTH SOUND—The South Sound industrial real estate market is entering a period of transition, shaped by evolving economic conditions, shifting tenant preferences, and the return of trade policies that could have far-reaching consequences. Certain sectors—particularly manufacturing related to energy projects—are beginning to see renewed activity although vacancies are increasing, according to an analysis by Lee & Associates market analysis provided by Vanessa Herzog and Justin Froelich. Overall, the South Sound market is displaying subtle but…