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…
PARK PLACE AUTO SALON SITE SALE STRONG INDICATOR OF REGIONS’ ECONOMIC STRENGTH DESPITE NATIONAL UNCERTAINTY
June 28, 2022 (Bellevue, WA) – Lee & Associates Commercial Real Estate Services is pleased to have brokered the disposition of Park Place Auto Salon, a 36,100 square foot site with a 28,392 square foot building currently operating as a full-service auto salon, to a subsidiary of Sabey Corporation*, on behalf of their client, MRM Capital. The Park Place Auto Salon, situated in the Bel-Red Corridor just minutes from downtown Bellevue, transacted at $15,000,000.00. Occupied…
2022 Annual Next Generation Awards Honoree: Sean Durkin
SEATTLE, WA— Sean Durkin specializes in the leasing, sales, and asset management of industrial, office, and retail properties in King and Pierce County. As Lee & Associates Principal with an in-depth background and education in brokerage, ownership and construction, Durkin offers a diverse skill set, strong work ethic and creating thinking to his clients. He entered the profession at an early age, becoming partial owner of an industrial building at age 15; the proceeds to…
TACOMA’S SUPER BLOCK DEVELOPMENT SITES HIT THE MARKET FOR SALE
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…
TACOMA RHODES CENTER BRINGS IN ADDITIONAL TENANTS, NEW RESTAURANT AND LIVE MUSIC VENUE
March 22, 2022, Tacoma – Rhodes Center’s newest tenant, Anchor QEA, is now set to occupy +/- 6,000 SF of office space once their build-out is completed this summer. Anchor QEA is a recognized leader in design and management of nearshore- and aquatic-based projects, offering innovative and cost-effective technical solutions to address unique challenges and implement sustainable solutions. Additionally, Kelly’s Olympian, the third oldest continuously open and operated bar/ restaurant in Portland, is bringing their…
King Lasik Opens Doors Near Tacoma Mall After December Purchase
March 4, 2022 (Tacoma, WA) – Lee & Associates Commercial Real Estate Services is pleased to announce that the Wedge Building at 4733 Tacoma Mall Boulevard, has been sold to King Lasik/K2 Vision as their latest expansion in the Puget Sound area. Doors opened to their new top-floor vision center on March 1st, following the closing of the $5.5M transaction in December. The off-market sale of the 10,546 SF building was at $522 per square…