TACOMA, WA— Harrison’s dual focus on sales and leasing gives him a unique ability to understand the implications of a transaction for all parties involved. In turn he is able to track the market, predict trends and develop effective negotiating strategies and value-add opportunities on behalf of his clients and their real estate portfolios. Working collaboratively with other service lines and professionals within Lee & Associates, Harrison advises his clients on how to formulate sound…
1315 1st Avenue – Seven Seas Building Sold
March 13, 2023 (Seattle, WA) – Lee & Associates Commercial Real Estate Services is pleased to have brokered the disposition of 1315 1st Avenue, also known as Seven Seas Building and formerly known as the Lusty Lady, a 24,880-square-foot building located in Seattle, WA, on behalf of their client Tolias C T Family LLP. 1315 1st Avenue is in the heart of downtown Seattle, one of the most amenity rich areas of the city. This…
Case Study – Greenlake 7 Units
Key Deal Points 6542 4th Ave NE $2,220,000 43% Vacant at Closing 11 offers received Non-Contingent at Mutual Acceptance Maximized terms and secured surety of close for client We were very pleased – in all respects – with Daniel and Lee & Associates’ performance on our transaction. Everything happened just the way and on just the timeline they said it would. They also stayed involved, helping us clean up details, long after closing. We…
Case Study – Nuovo Magnolia 6 Units
Key Deal Points 3241 21st Ave W, Seattle 6-Unit, Turn-key Asset No Negotiation after Mutual Acceptance Mutual to Closing Table in 23 days 1031 Exchange Buyer Sale Price $1.725M Cap Rate 5.23% Our team really enjoyed working with the Lee & Associates Northwest Multifamily team. During the marketing, they got creative and encouraged us to stage one of our units to increase prospective tenant traffic, help us achieve both a higher rent, and give…
55+ Apartment Community in Spokane Sells for $10.15M
December 7, 2022 (Bellevue, WA) – Lee & Associates Commercial Real Estate Services is pleased to have brokered the acquisition of The Whispering Pines Apartments, a 31-unit apartment complex located in Spokane, WA, on behalf of their client 7 Lakes Development. The Whispering Pines Apartments, located on East Sprague Avenue in Spokane, sold for $10,150,000. The 55+ age-restricted complex hit the market in August for the first time since its development in 2016. The gated…
Lee & Associates’ Philanthropic Arm Rallies to Support Victims of Hurricane Ian
November 3, 2022 (Bellevue, WA) – Lee & Associates Commercial Real Estate Services, the largest broker-owned commercial real estate firm in North America, responded to the urgent needs of Hurricane Ian victims by rallying its network to solicit both financial donations and human capital support to assist with clean-up and rebuild operations. The effort was organized through the company’s nationwide CompassionateLEE program, which regularly provides assistance to important causes of this nature, including providing donations,…
Tacoma Rhodes Center Adds Four More Tenants in 17,000+ SF, Near Full Lease-Up
October 24, 2022 (Bellevue, WA) – Lee & Associates Commercial Real Estate Services is pleased to have brokered four new leases totaling over 17,000 SF at the Tacoma Rhodes Center. The newest tenants to the building, Maxim Healthcare Services, Mindful Support Services, ES Technologies, and CU Strategic Planning will all occupy the building immediately following their respective buildouts. Eight new tenants have signed leases at Tacoma Rhodes Center in 2022 alone, accounting for over 42,000…
Capitol Hill 4-Building Portfolio Sells for $16.8M
October 18, 2022 (Seattle, WA) – Lee & Associates Commercial Real Estate Services is pleased to have brokered the sale of a 4-building portfolio located in the Capitol Hill neighborhood of Seattle, Washington to 206 Property Management on behalf of their client, The Weisenbach Properties. The Thomas Park Portfolio, located within the desirable Capitol Hill Summit Ave corridor and just next to Thomas Park, sold for $16,800,000. Meticulously well-cared for over the past 46 years,…
Case Study – Thomas Park Portfolio
Key Deal Points Four-building Portfolio in Capitol Hill 231 & 301 Summit Ave E and 411-419 E Thomas St, Seattle, WA 98102 Sale Price: $16,800,000 Strong Current Cap Rate: 3.88% Price per Square Foot: $433 Candice, Daniel, Dea, and Chris are incredibly responsive and knowledgeable throughout the entire acquisition process. We had a complicated purchase with a few bumps along the way, but Candice and her team were quick, communicative, and creative in coming…
Case Study – 24-Units with Sweeping View in Queen Anne
Key Deal Points 2442 8th Ave N, Seattle 24-Unit Apartment with Views of Lake Union Sale Price $8M Current Cap Rate 3.66% Represented Seller & Buyer We had a very good experience working with the Lee & Associates Multifamily Team. They offered us consistent communication throughout the marketing process and always kept us informed as we moved through to a successful close. They worked closely with our property management team and did not require…