September 11, 2023 (Bellevue, WA) – Lee & Associates Commercial Real Estate Services | Pacific Northwest is delighted to welcome Zachary Ota and Michael Ota to its Tacoma office. As an accomplished team in commercial leasing and sales, they specialize in office, industrial, and retail properties throughout the South Sound region, with significant experience in Puyallup, Fife, Sumner, Tacoma, and Lakewood. Zachary and Micheal are notable alumni of the University of Washington Milgard School of…
Five Lee & Associates Brokers Win CoStar’s Q2 2023 Power Broker Awards
Lee & Associates Pacific Northwest is excited to share the news that five of their brokers have been honored as winners of CoStar’s Q2 2023 Quarterly Power Broker awards. Notably, Billy Moultrie and Andrew Hull have received recognition in the Top Industrial Leasing Deal category, while Jim Reed and Adrienne Hunter have been acknowledged for their achievements in the Top Office Leasing Deal category. Additionally, Jim Reed and Carson Scott have earned recognition for their…
$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…
Seattle-area warehouse demand keeps pace with ‘massive output’
November 09, 2021 (SEATTLE, WA) – The Puget Sound-area industrial vacancy rate fell to 4.6% in the third quarter from 5.4% a year ago, according to a report by Lee & Associates. That is still higher than the national average, the report said, but a sign of strength for the local market due to “massive output” from developers, with nearly 10.2 million square feet under construction in Q3. That’s more than double the space that was…
VANESSA HERZOG ELECTED TO SIOR BOARD OF DIRECTORS
To Serve Two-Year Term on SIOR’s Board of Directors as Member-at-Large April 28, 2021 (Seattle, WA) SIOR recently elected its 2021-2022 officers during its spring event, TransACT 360, which was held virtually this year due to the global pandemic. The elected officers will be installed in Nashville, Tenn. prior to CREate 360, SIOR’s fall event, that is currently scheduled to be held in-person October 14-16, 2021. This fall, SIOR’s current president-elect, Patrick Sentner, SIOR, an office specialist in…
LEE & ASSOCIATES REPRESENTS ELION IN $47.5M ACQUISITION
April 28, 2021 (Seattle, WA) – Lee & Associates, the largest broker owned commercial real estate firm in the U.S., is pleased to announce their client’s, Elion Partners (“Elion”), acquisition of 223,656 SF on Monster Road in Renton, Washington. This acquisition marks Elion’s third in a series of transactions in the Puget Sound region in just under six months. Elion is a minority-owned, vertically integrated private equity real estate investment firm focused on first, middle…
Vanessa Herzog Discusses the Industrial Market with Seattle Business Magazine
E-commerce Drives Industrial Market Strength Industrial space is in high demand March 30, 2021 (Seattle, WA) Amazon and other retailers are going the last mile in the Covid-19 economy, and that’s delivering to Seattle-area industrial and warehouse investors. “Toward the end of April, e-commerce just took off. It has absolutely just gone bananas. A tremendous amount of unprecedented growth,” says Vanessa Herzog, principal at Lee & Associates of Seattle and a member of the Society of…
LEE & ASSOCIATES REPRESENTS ELION PARTNERS IN $23.1M ACQUISITION
November 24, 2020 (Seattle, WA) – Lee & Associates Commercial Real Estate Services is pleased to announce the acquisition of the 113,000 square foot Intracorp Building, located on Hardeson Road in Everett, by our client, Elion Partners. The $23.1 million dollar acquisition represents the first in Elion’s planned expansion into the Greater Seattle industrial market, led by James Lambert (Sr. Managing Director of Industrial Investments). The Class A multi-tenant building is fully leased and strategically…
Case Study – AFF Logistics Center
OVERVIEW Fife, Washington, near the Port of Tacoma Industrial / Logistics Property ±99,260 SF on 19.5 Acres Seller (& Lessee) Representation Sale Price: $46,515,015 ($469/SF) “We were extremely happy with the local market expertise and guidance provided by the Lee & Associates team. From lease availability analyses, to purchase and sale negotiation, introduction to key area legal counsel, and presence during the entire transaction, we could not have asked for more. The Lee team…
Lee & Associates Principal, Vanessa Herzog, Receives GlobeSt.com Women of Influence Award
GlobeSt.com kicked off our inaugural Women of Influence special retreat last night and put together a spotlight on the achievements of women in commercial real estate. Before the event, we collected nominations across a number of fields. As always, our seasoned editorial team was seeking the best of the best across the commercial real estate spectrum. In evaluating the entries, we took into account a number of factors, including: the nominee’s impact on, and reputation within,…