August 22, 2022 (Seattle, WA) – West Coast industrial real estate developer Slattery Properties has commenced construction on their newest industrial warehouse space at 8551 Commerce Place Drive NE in Lacey, WA. The 87,060 SF facility is the 8th industrial building located in Thurston County developed by the Seattle based owner. The walls are tilted on the forthcoming for-lease warehouse and manufacturing space, currently known as Commerce Place Industrial, and full completion is anticipated in Q4 of…
$45 MILLION LAKE TYE BUSINESS CAMPUS SALE
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…
Seattle’s Multifamily Market 2021 Year in Review: Lee & Associates Report
March 31, 2022 (SEATTLE, WA) – Heading into the second quarter of 2022, the multifamily market in Seattle looks poised to continue its upward trajectory, building off of a still-recovering market in 2021. Lee & Associates, the largest broker-owned commercial real estate firm in North America, recently released its report titled “Multifamily Investment Review 2022,” which provides an overview of Seattle’s multifamily market in 2021 and discusses various factors including key economic trends, rental demand…