RICHARD PETERSON
Principal
Lee & Associates Pacific Northwest - Bellevue
Specializing in Development, Industrial, & Office
Biography
Specializing in Development, Industrial, & Office
Richard has 48 years of experience in the commercial real estate business. In 2017 he co-founded the Lee & Associates Seattle office. Lee & Associates is the largest brokerowned commercial real estate company in the country, with 58 offices throughout the United States and Canada. Richard began his career in 1978, at Kidder Mathews where he was the youngest principal and a top producer. In 1995 Richard founded NAI Puget Sound Properties which he grew to 40 brokers across three offices before leaving to start Lee & Associates Pacific Northwest.
Customers benefit from Richard’s experience and council in the areas of build-to-suits, leasing and sales negotiation, investment analysis, and project development. This well rounded background provides complete understanding of all sides of any transaction. Richard is a well known leader in the local industry for his creativity and ability to tackle difficult and complicated transactions.
Richard has a diverse background completing several hundred building sales ranging in value up to $47 million, 25 build-to-suite transactions for office and industrial, and 1000 lease transactions. Besides his commercial related services for his clients, he has also developed several commercial projects for his own account with investors.
Richard has been awarded CoStar Power Broker on several occasions and was awarded SIOR’s Broker of the Year for the State of Washington in 1989 and has been a finalist on several other occasions. He held the designation of SIOR for over 20 years, and served on the Board for the Commercial Brokers Association.
Notable Transactions
- M-15 Bussy Park - Lease - 265,000 SF
- Park 180th - Ground-Up Development / Leasing - 98,000 SF
- TECT Aerospace - Building Sale - 150,000 SF - $30.5 M
- Intracorp - Distribution Center Sale - 112,000 SF - $22.5 M
Professional Affiliations
- Commercial Brokers Association (CBA) - Past President & Executive Committee Member
- Washington State Commercial Association of Realtors (WSCAR)
- Economic Alliance of Snohomish County - Industry & Resource Advisory Board
- Society of Industrial & Office Realtors (SIOR) - Past member, held for 20 years
Education
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B.S. in Building Construction Management - University of Washington