September 17, 2025 (Bellevue, WA) – Lee & Associates Commercial Real Estate Services is pleased to announce the addition of Rachel Corp as Senior Vice President in the firm’s Tacoma office. Corp brings a deep foundation in retail leasing and investment sales along with a growth-focused mindset that aligns with Lee & Associates’ entrepreneurial culture. At Lee & Associates, Corp will focus on retail landlord and tenant representation throughout the Puget Sound region, with an…
Dover Apartments Sold in Strategic Downtown Seattle Investment Deal
SEATTLE, WA (September 11, 2025) – Lee & Associates is pleased to announce the sale of the Dover Apartments, a well-maintained 59-unit multifamily property located at 901 6th Avenue in Downtown Seattle’s. Originally constructed in the early 1900s, the building offers a rare combination of vintage architectural character and a walkable urban location, making it a unique opportunity in the Seattle multifamily market. The transaction, which closed with seller financing, marks the first U.S. acquisition…
Case Study – M&D Marysville Industrial Park
12810,12906 & 12730 State Avenue, Marysville, WA Overview Industry: Industrial/Manufacturing Campus Size: ± 290,749 SF Total Across 3 Buildings Landlord: Private Ownership Tenant: Confidential Aerospace Manufacturer Lease Type: NNN | Renewal & Restructure The Outcome A full-campus renewal was executed with the existing aerospace manufacturer. The new lease structure provided: enhanced rent terms, clearer expense responsibility, embedded flexibility for the landlord, and preservation of occupancy. The outcome eliminated vacancy risk, deferred maintenance exposure, and allowed…
$8.9M Sale of Renovated Mixed-Use Property in Fremont Neighborhood
SEATTLE, WA (September 2, 2025) – Lee & Associates is pleased to announce the successful sale of the Equinox Apartments, a fully renovated 28-unit mixed-use property located at 711 N 35th Street in the heart of Seattle’s dynamic Fremont neighborhood. The property sold on August 29,2025, for $8.9 million plus $1.4 million for a cell towner on the property, with when combined, brings the total to $10.3 million. This marks a significant mixed-use, multifamily transaction…
Lee & Associates – Pacific Northwest August 2025 – Recent Deals
SOLD SOLD SOLD Dover Apartments Equinox Apartments 1102 Commerce Street 901 6th Street, Seattle, WA 711 N 35th Street, Seattle, WA Tacoma, WA Value: $9,650,000 Value: $8,900,000 Value: $3,250,000 Units: 59 Units: 23 Apartments & 5 Commercial Spaces Size: 24,131 Rentable SF Brokers: Daniel Lim, Candice Chevaillier, Dea Sumantri, Sara Bago Brokers: Candice Chevaillier, Daniel Lim, Dea Sumantri, Sara Bago Brokers: Tom Brown, Kyle Prosser LEASED LEASED LEASED 2660…
Multifamily Investment Review Fall 2025
Market Dynamics Resetting The Puget Sound region is seeing a tapering in construction activity after record-setting inventory growth in 2024. Only 11.6K units are expected to be delivered in 2025, down 22% from last year. The pipeline contracted significantly with new construction starts down over 80% from this time last year, representing the lowest level in over a decade. This drop in supply, coupled with healthy leasing velocity, is setting the stage for a recovery…
Downtown Tacoma Office Building Sells to Owner-User
TACOMA, WA (August 11, 2025) —Lee & Associates, is pleased to have brokered the disposition of 1102 Commerce Street located in Tacoma, WA, on behalf of their client Howe/Horizon Holding LLC. The 24,131 SF building, situated in the heart of downtown Tacoma, sold for $3,250,000, or $134.68 per square foot. The buyer, Washington Trust Bank intends to occupy a portion of the property and lease the balance, bringing new activity and tenancy to the downtown…
Lee & Associates | Pacific Northwest Expands Institutional Services Team With James Lambert
July 30, 2025 (Bellevue, WA) – Lee & Associates Commercial Real Estate Services, is pleased to announce that James Lambert, a 25-year veteran of commercial real estate strategy, operations, and investment, has joined the firm’s Bellevue office. At Lee & Associates, Lambert will lead the development of a new Industrial Capital Markets platform, advising institutional investors, developers, family offices, and high-net-worth individuals across the Pacific Northwest and beyond. He will also drive the firm’s strategic client services and portfolio advisory platform, helping industrial…
Lee & Associates – Pacific Northwest July 2025 – Recent Deals
SOLD SOLD SOLD Avia Apartments West Valley @ 212th – Bldg T Cedar Lane 11534 Greenwood Ave N, Seattle, WA 21019 66th Ave S, Kent, WA 12536 Greenwood Ave N, Seattle, WA Value: $3,450,000 Value: $5,960,000 Value: $2,850,000 Size: 18 Units Size: 19,629 SF Size: 16 Units Broker: Aaron Mathieu Brokers: Christian Mattson, Chris Peterson, Billy Moultrie, Richard Peterson, Ryan Aleinikoff, Mindy Llewellyn Broker: Aaron Mathieu LEASED LEASED LEASED Bridge…
Case Study – Beachside Five | 5-Units
Key Deal Points Address: 7043 Beach Drive SW, Seattle Units: 5 Sale Price: $2,350,000 Timeline: Quick closing with minimal contingencies Unique Feature: Over 50 feet of private Puget Sound beachfront Challenge Jim and Deb had self-managed Beachside Five for over 40 years, treating the property not just as an investment but as a deeply personal endeavor. They had thoughtfully cared for the property and developed long-standing relationships with their tenants. When they made the decision…