OVERVIEW Tumwater Corporate Center Building 1 2422 93rd Ave SW, Tumwater, WA Industrial / Distribution Facility ± 149,340 SF Total ± 3,000 SF Office Landlord: Crow Holdings Tenant: Daedong USA Lease Rate: $0.86 PSF Shell $1.55 PSF Office Add-on, plus NNN ABOUT THE CLIENT Daedong-USA, Inc., distributes Kioti tractors and equipment, part of Daedong Corporation’s 70+ year legacy in innovative agricultural solutions. With an expanding portfolio of autonomous and AI-driven technologies, Daedong-USA serves customers globally…
Case Study – 1510 & 1616 St. Paul Ave
OVERVIEW 1510 & 1616 St. Paul Ave, Tacoma, WA Industrial Warehouse ± 138,788 SF Total Buyer Representation Sale Price: $19,510,000 ($141 PSF) THE CHALLENGE Lee & Associates successfully represented SMARTCAP in their first Southend industrial acquisition—a 138,788-square-foot warehouse in a highly competitive market. This property, located in an A+ core infill area in the Port of Tacoma, offered immediate access to the port, Interstate 5, and rail. Multiple offers were submitted due to the property’s…
Case Study – Mt Baker Apartments
Key Deal Points 1501 & 1505 31st Ave S 5 Units Sale Price: $1.7M Brought Multiple Offers in a Stagnant Market Replacement Buyer Sourced within 48 hours For more information regarding this case study, please contact: Candice Chevaillier, CCIM Principal D (206) 773-2694 [email protected] Dea Sumantri Vice President D (206) 773-2680 [email protected] Daniel Lim Senior Vice President D (206) 773-2692 [email protected] Challenge Long-time owners of a well-maintained property in Mt. Baker were…
LEE & ASSOCIATES | PACIFIC NORTHWEST EXPANDS MULTIFAMILY TEAM WITH SARA ENSLOW BAGO, MSRE
December 12, 2024 (Bellevue, WA) – Lee & Associates, the largest broker-owner commercial real estate firm in North America, proudly announces the addition of Sara Enslow Bago, MSRE, to its Multifamily Team. This strategic expansion underscores the company’s commitment to providing innovative investment sales solutions. With over 15 years of experience in commercial real estate and finance, Sara brings a wealth of expertise from local and multinational real estate lending institutions. A Puget Sound native,…
NAIOP Night of the Stars Award Finalist 2024
At Lee & Associates | Pacific Northwest, we are thrilled to celebrate the exceptional accomplishments of Candice Chevaillier, who was honored as a finalist at the 2024 NAIOP Night of the Stars Gala. These prestigious awards recognize the dedication, expertise, and extraordinary contributions of professionals shaping the commercial real estate industry. Candice Chevaillier, CCIM Candice Chevaillier has earned a finalist spot in the Multifamily Broker of the Year category. Her deep knowledge of the…
Case Study – Ford Building
Retail OVERVIEW THE FORD BUILDING 1521-1523 10th Ave , Seattle, WA Retail Investment 33,391 SF Seller Representation Sale Price: $14,000,000 THE OUTCOME Listed: November 25, 2016 Competing Offers: 3 Offers Under Contract: February 17, 2017 Closed: April 28, 2017 THE CHALLENGE The Ford Building is a classic historic building with a large lower level/basement. The building had two major tenants, Elliott Bay Book Store, and Totokaelo clothing store, who both had space on the main…
Case Study – Ballard Ave Portfolio
Ballard Ave Portfolio | Mixed-Use Portfolio OVERVIEW 5323 – 5329 Ballard Avenue NW, Seattle, WA 5333 – 5335 Ballard Avenue NW, Seattle, WA 5304 – 5310 Ballard Avenue NW, Seattle, WA Mixed-use portfoilio in Ballard 60,784 total SF Seller Representation Sale Price: $21,050,000 The Outcome Listed: October 23, 2023 Competing Offers: 3 Offers Under Contract: June 17, 2024 Closed: November 13, 2024 The Challenge We represented the Seller of the Ballard Avenue Portfolio, which consisted…
Historic 1102 Broadway Achieves Full Occupancy as Tacoma Office Market Strengthens
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…
DAEDONG-USA SIGNS LEASE FOR 149,340 SF WAREHOUSE IN TUMWATER
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….
Q3 2024 Retail Market Report
The third quarter of 2024 was active for the retail market, driven by a slight dip in interest rates, spurring buyer interest. Vacancy rates saw a minor decrease from 3.4% to 3.3%, and the annual average NNN asking rate softened slightly to $29.34 per square foot. Amid pre-election uncertainty, investors emerged from the sidelines as rates reached their lowest since Q3 2023, reflecting renewed confidence in retail opportunities. MARKET INDICATORS Q3 2024 Q2 2024 Q1…