{"id":6568,"date":"2024-08-20T10:37:12","date_gmt":"2024-08-20T17:37:12","guid":{"rendered":"https:\/\/www.lee-associates.com\/northwest\/?p=6568"},"modified":"2026-07-07T13:45:09","modified_gmt":"2026-07-07T20:45:09","slug":"case-study-3201-s-norfolk-street-seattle-industrial-market","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/northwest\/2024\/08\/20\/case-study-3201-s-norfolk-street-seattle-industrial-market\/","title":{"rendered":"Case Study &#8211; 3201 S Norfolk Street | Seattle Industrial Market"},"content":{"rendered":"<div id=\"pl-6568\"  class=\"panel-layout\" ><div id=\"pg-6568-0\"  class=\"panel-grid panel-has-style\" ><div class=\"siteorigin-panels-stretch panel-row-style panel-row-style-for-6568-0\" data-stretch-type=\"full\" ><div class=\"so-panels-full-wrapper\" ><div id=\"pgc-6568-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-6568-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-113ccd71f3e6-6568\"\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\/2024\/08\/CBA-Image-1024x526.jpg\" width=\"1024\" height=\"526\" srcset=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2024\/08\/CBA-Image-1024x526.jpg 1024w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2024\/08\/CBA-Image-300x154.jpg 300w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2024\/08\/CBA-Image-768x395.jpg 768w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2024\/08\/CBA-Image.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"3201 S Norfolk St\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><\/div><\/div><\/div><\/div><div id=\"pg-6568-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-6568-1-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-6568-1-1\"  class=\"panel-grid-cell\" ><div id=\"panel-6568-1-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"1\" ><div class=\"panel-widget-style panel-widget-style-for-6568-1-1-0\" ><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<h3><strong><span style=\"color: #009ad9\">Key Deal Points<\/span><\/strong><\/h3>\n<ul style=\"list-style-type: square\">\n<li class=\"p1\">3201 S Norfolk Street, Seattle, WA<\/li>\n<li class=\"p1\">Industrial Warehouse, Brand New Class A Construction<\/li>\n<li class=\"p1\">\u00b1 49,330 SF Total<\/li>\n<li class=\"p1\">Tenant Representation<\/li>\n<li class=\"p1\">10 Year Lease Term<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div><\/div><div id=\"panel-6568-1-1-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"2\" ><div class=\"panel-widget-style panel-widget-style-for-6568-1-1-1\" ><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><em>For more information regarding this case study, please contact:<\/em><\/p>\n<p><span style=\"color: #009ad9\"><strong>Andrew Hull<\/strong><\/span><\/p>\n<p>Vice President<strong><br \/>\nD\u00a0 <\/strong>(253) 444-3023<br \/>\nahull@lee-associates.com<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-6568-1-2\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-6568-1-2-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"3\" ><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<h2><strong>The Challenge<\/strong><\/h2>\n<p>The client required a 50,000 square foot warehouse to support their increased production capacity. The warehouse had to be within proximity to King County Airport. A property that matched their exact specifications in a competitive real estate market posed a significant hurdle. The facility had to offer over 100 parking spaces for delivery trucks and staff vehicles. This was essential for maintaining smooth operations and meeting logistical demands.<\/p>\n<p>Securing a favorable lease agreement was crucial. The client sought a lease that provided both flexibility and cost-effectiveness, which required astute negotiation skills.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-6568-1-2-1\" class=\"so-panel widget widget_sow-editor\" data-index=\"4\" ><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<h2><strong>Our Approach<\/strong><\/h2>\n<p>Andrew conducted an exhaustive search of available properties, leveraging his extensive network and market knowledge to identify potential warehouses that met the client\u2019s criteria. To ensure that the properties under consideration met the FFG\u2019s needs, Andrew arranged site visits and performed detailed assessments, evaluating the suitability of each location.<\/p>\n<p>Understanding the importance of securing the best possible lease terms to employ a strategic negotiation approach. Engaging in discussions with Prologis and their brokers to address the requirements, negotiate favorable lease terms, and ensure that all operational needs were met.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-6568-1-2-2\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"5\" ><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<h2><strong>The Outcome<\/strong><\/h2>\n<p>After an intensive search and negotiation process, Andrew successfully secured a warehouse that was a perfect fit for FFG. The warehouse was a brand-new, Class-A building, located adjacent to King County Airport. It provided ample space to accommodate FFG\u2019s food production needs and future growth, servicing their clients at the airport. The property included a well-designed parking layout, ensuring efficient logistics and ease of access for delivery trucks and employees.<\/p>\n<p>The broker negotiated a lease agreement that provided flexibility and competitive pricing, aligning with the FFG\u2019s financial and operational goals.<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-6568-1-3\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><div id=\"pg-6568-2\"  class=\"panel-grid panel-has-style\" ><div class=\"siteorigin-panels-stretch panel-row-style panel-row-style-for-6568-2\" id=\"blog\" data-stretch-type=\"full\" ><div class=\"so-panels-full-wrapper\" ><div id=\"pgc-6568-2-0\"  class=\"panel-grid-cell\" ><div id=\"panel-6568-2-0-0\" class=\"so-panel widget widget_sow-headline panel-first-child\" data-index=\"6\" ><div class=\"panel-widget-style panel-widget-style-for-6568-2-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-headline so-widget-sow-headline-default-f8d8efd972d8-6568 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class=\"sow-carousel-item-title\">\n\t\t\t<a\n\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/16\/q2-2026-industrial-market-report\/\"\n\t\t\t\tid=\"sow-carousel-id-9315\"\n\t\t\t\t\t\t\t\ttabindex=\"-1\"\n\t\t\t>\n\n\t\t\t\tQ2 2026 Industrial Market Report\t\t\t<\/a>\n\t\t<\/h3>\n\t<\/div>\n\t\t<div class=\"sow-carousel-item\" tabindex=\"-1\" style=\"float: left;\">\n\t\t<div class=\"sow-carousel-thumbnail\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/16\/q2-2026-multifamily-market-report\/\"\n\t\t\t\t\t\t\t\t\t\tstyle=\"background-image: url( https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2026\/09\/Multifamily-Market-Report-Featured-Image-272x182.png )\"\n\t\t\t\t\taria-labelledby=\"sow-carousel-id-9305\"\n\t\t\t\t\ttabindex=\"-1\"\n\t\t\t\t>\n\t\t\t\t\t<span class=\"overlay\"><\/span>\n\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t<h3 class=\"sow-carousel-item-title\">\n\t\t\t<a\n\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/16\/q2-2026-multifamily-market-report\/\"\n\t\t\t\tid=\"sow-carousel-id-9305\"\n\t\t\t\t\t\t\t\ttabindex=\"-1\"\n\t\t\t>\n\n\t\t\t\tQ2 2026 Multifamily Market Report\t\t\t<\/a>\n\t\t<\/h3>\n\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t<\/div>\n\t\t<input type=\"hidden\" name=\"instance_hash\" value=\"67177e82\"\/>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Key Deal Points 3201 S Norfolk Street, Seattle, WA Industrial Warehouse, Brand New Class A Construction \u00b1 49,330 SF Total Tenant Representation 10 Year Lease Term For more information regarding this case study, please contact: Andrew Hull Vice President D\u00a0 (253) 444-3023 ahull@lee-associates.com The Challenge The client required a 50,000 square foot warehouse to support their increased production capacity. The warehouse had to be within proximity to King County Airport. A property that matched their&#8230;<\/p>\n","protected":false},"author":183,"featured_media":1965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[843,1084],"tags":[1112,1090],"class_list":["post-6568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-study","category-industrial","tag-andrew-hull","tag-case-study"],"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>Case Study - 3201 S Norfolk Street | Seattle Industrial Market - Lee &amp; Associates Pacific Northwest<\/title>\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\/2024\/08\/20\/case-study-3201-s-norfolk-street-seattle-industrial-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Case Study - 3201 S Norfolk Street | Seattle Industrial Market\" \/>\n<meta property=\"og:description\" content=\"Key Deal Points 3201 S Norfolk Street, Seattle, WA Industrial Warehouse, Brand New Class A Construction \u00b1 49,330 SF Total Tenant Representation 10 Year Lease Term For more information regarding this case study, please contact: Andrew Hull Vice President D\u00a0 (253) 444-3023 ahull@lee-associates.com The Challenge The client required a 50,000 square foot warehouse to support their increased production capacity. 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