{"id":4270,"date":"2022-06-28T09:35:57","date_gmt":"2022-06-28T16:35:57","guid":{"rendered":"https:\/\/www.lee-associates.com\/northwest\/?p=4270"},"modified":"2022-06-28T09:35:57","modified_gmt":"2022-06-28T16:35:57","slug":"park-place-auto-salon-site-sale-strong-indicator-of-regions-economic-strength-despite-national-uncertainty","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/northwest\/2022\/06\/28\/park-place-auto-salon-site-sale-strong-indicator-of-regions-economic-strength-despite-national-uncertainty\/","title":{"rendered":"PARK PLACE AUTO SALON SITE SALE STRONG INDICATOR OF REGIONS\u2019 ECONOMIC STRENGTH DESPITE NATIONAL UNCERTAINTY"},"content":{"rendered":"<div id=\"pl-4270\"  class=\"panel-layout\" ><div id=\"pg-4270-0\"  class=\"panel-grid panel-has-style\" ><div class=\"panel-row-style panel-row-style-for-4270-0\" ><div id=\"pgc-4270-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-4270-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-c67d20f9f743-4270\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2022\/06\/Park-Place-Auto_image.jpg\" width=\"2500\" height=\"1306\" srcset=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2022\/06\/Park-Place-Auto_image.jpg 2500w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2022\/06\/Park-Place-Auto_image-300x157.jpg 300w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2022\/06\/Park-Place-Auto_image-1024x535.jpg 1024w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2022\/06\/Park-Place-Auto_image-768x401.jpg 768w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2022\/06\/Park-Place-Auto_image-1536x802.jpg 1536w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2022\/06\/Park-Place-Auto_image-2048x1070.jpg 2048w\" sizes=\"(max-width: 2500px) 100vw, 2500px\" title=\"Park Place Auto_image\" alt=\"Park Place Auto Salon Site - Bel-Red Corridor\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><div id=\"panel-4270-0-0-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><strong>June 28, 2022 (Bellevue, WA)<\/strong> \u2013 Lee &amp; 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.<\/p>\n<p>The Park Place Auto Salon, situated in the Bel-Red Corridor just minutes from downtown Bellevue, transacted at $15,000,000.00. \u00a0Occupied by Park Place Auto Salon, the site is zoned RC-1 and offers the flexibility of cash flow with the long-term upside to develop office or multifamily in one of the most sought-after eastside neighborhoods in Puget Sound. \u00a0In addition to the excellent transit accessibility, just blocks from the 130th Eastlink Rail Station, this site benefits from its close proximity to numerous new and innovative mixed-use development projects.<\/p>\n<p>\u201cWe enjoyed working for MRM throughout this transaction. As we marketed this property, it was clear that the story of the eastside and light rail-centric properties continues to stay strong, despite economic uncertainty. \u00a0We are lucky enough to live in a region with such an educated, tech focused workforce where geography and zoning limitations constrain supply,\u201d noted Lee &amp; Associates\u2019 Principal, Jim Reed.<\/p>\n<p>The Lee &amp; Associates team of Jim Reed and Adrienne Hunter facilitated the transaction.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>ABOUT LEE &amp; ASSOCIATES<\/u><\/strong><\/p>\n<p>Lee &amp; Associates offers an array of real estate services tailored to meet the needs of the company\u2019s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee &amp; Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee &amp; Associates, visit <a href=\"http:\/\/www.lee-associates.com\/\">lee-associates.com<\/a>\u00a0or follow us on\u00a0<a href=\"https:\/\/www.facebook.com\/LeeAssociatesCRE\">Facebook<\/a>,\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/lee-and-associates\">LinkedIn<\/a>,\u00a0<a href=\"https:\/\/twitter.com\/LeeAssociatesRE\">Twitter<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.linkbylee.com\/\">Link<\/a>, our company blog.<\/p>\n<p><em>*Sabey Corporation is a northwest based real estate development company with over 50 years of experience.<\/em><\/p>\n<p style=\"text-align: center\"><strong><em>###<\/em><\/strong><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><div id=\"pg-4270-1\"  class=\"panel-grid panel-has-style\" ><div class=\"panel-row-style panel-row-style-for-4270-1\" ><div id=\"pgc-4270-1-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-4270-1-1\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-4270-1-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"2\" ><div class=\"panel-widget-style panel-widget-style-for-4270-1-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>&nbsp;<\/p>\n<h2 style=\"text-align: center\">MEDIA CONTACT<\/h2>\n<p style=\"text-align: center\"><strong>Jim Bowles, SIOR<br \/>\n<\/strong>Lee &amp; Associates<br \/>\n(425) 454-4242<br \/>\n<a href=\"mailto:jbowles@lee-associates.com\">jbowles@lee-associates.com<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-4270-1-2\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>June 28, 2022 (Bellevue, WA) \u2013 Lee &amp; 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. \u00a0Occupied&#8230;<\/p>\n","protected":false},"author":39,"featured_media":1124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,1087,4],"tags":[1123],"class_list":["post-4270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-press-releases","tag-investment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.7 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PARK PLACE AUTO SALON SITE SALE STRONG INDICATOR OF REGIONS\u2019 ECONOMIC STRENGTH DESPITE NATIONAL UNCERTAINTY - Lee &amp; Associates Pacific Northwest<\/title>\n<meta name=\"description\" content=\"Lee &amp; Associates brokered the disposition of Park Place Auto Salon, a 36,100 square foot site with a 28,392 square foot building.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/northwest\/2022\/06\/28\/park-place-auto-salon-site-sale-strong-indicator-of-regions-economic-strength-despite-national-uncertainty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PARK PLACE AUTO SALON SITE SALE STRONG INDICATOR OF REGIONS\u2019 ECONOMIC STRENGTH DESPITE NATIONAL UNCERTAINTY\" \/>\n<meta property=\"og:description\" content=\"Lee &amp; 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