Washington Archives - REBusinessOnline

Northmarq Brokers $8.2M Sale of Multi-Tenant Retail Center in North Bend, Washington

Amy Works — Wed, 16 Sep 2026 13:16:36 +0000

NORTH BEND, WASH. — Northmarq has arranged the sale of J.O. Borgen Plaza, a multi-tenant retail center in North Bend, approximately 30 miles southeast of Seattle. The asset traded for $8.2 million. Sean Tufts, Kevin Adatto, Joe Dugoni and Jack Hallberg of Northmarq’s Pacific Northwest retail investment sales team represented the undisclosed seller and undisclosed buyer in the deal. Located at 248-250 Bendigo Blvd. South and 249 Main Ave. South, the 28,418-square-foot center is occupied by a freestanding Wells Fargo branch, Jersey Mike’s Subs and The UPS Store. Additionally, the center features a 17,958-square-foot former Bartell Drugs building, which was vacant at the time of sale. The sale was aligned with a commercial national retailer to backfill the Bartell Drugs’ property, with an opening slated for 2027.

The post Northmarq Brokers $8.2M Sale of Multi-Tenant Retail Center in North Bend, Washington appeared first on REBusinessOnline.

Davis Property & Investment Receives $12M Refinancing for Multi-Building Industrial Park in DuPont, Washington

Amy Works — Tue, 15 Sep 2026 13:28:55 +0000

DUPONT, WASH. — David Property & Investment has received $12 million in refinancing for Center Plaza, a multi-building industrial park in DuPont. Mike Wood and Tim Brown of Gantry secured the financing through Securian Financial for the borrower. Center Plaza features a mix of industrial/flex facilities in a campus environment with a tenant roster of a diverse range of industries.

The post Davis Property & Investment Receives $12M Refinancing for Multi-Building Industrial Park in DuPont, Washington appeared first on REBusinessOnline.

Sagard Real Estate Acquires 133,750 SF Industrial Property Near Seattle

Amy Works — Mon, 14 Sep 2026 14:12:43 +0000

TUKWILA, WASH. — Sagard Real Estate has purchased 1100 Andover Park West, an industrial asset in Tukwila, approximately 12 miles south of Seattle. Situated on 5.6 acres, the 133,750-square-foot property features a clear height of 24 feet, 16 dock-high loading doors and four points of ingress and egress. At the time of sale, the asset was fully occupied by a national wholesale distributor that has opened at the site for more than 25 years. Sagard Real Estate is a U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm.

The post Sagard Real Estate Acquires 133,750 SF Industrial Property Near Seattle appeared first on REBusinessOnline.

Cowboy Space Leases 291,035 SF Industrial Facility in Kent, Washington for Production Site

Amy Works — Wed, 09 Sep 2026 14:32:36 +0000

KENT, WASH. — Cowboy Space, an aerospace and advanced manufacturing firm, has leased a 291,035-square-foot facility at 7650 S. 228th St. in Kent, a suburb 20 minutes south of Seattle, from CenterPoint. Thad Mallory and Taylor Hoff of Newmark represented the landlord in the transaction. Cowboy Space will transform the asset into a specialized advanced manufacturing operation supporting space and rocket development, adding approximately 300 jobs to the region’s aerospace industry. The project will include significant tenant and landlord-funded capital improvements, including new office construction, power and ventilation upgrades, enhanced security measures and flooring improvements. Most recently occupied by Costco, the property was originally developed as a distribution facility.

The post Cowboy Space Leases 291,035 SF Industrial Facility in Kent, Washington for Production Site appeared first on REBusinessOnline.

Freestone Capital Acquires Aperture on Fifth Multifamily Community in Downtown Seattle for $32.2M

Amy Works — Fri, 04 Sep 2026 13:34:18 +0000

SEATTLE — Freestone Capital has purchased Aperture on Fifth, an apartment property in downtown Seattle, from PrivatePortfolio Group for $32.2 million or $304,245 per unit. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Situated in the Denny Triangle neighborhood, Aperture on Fifth features 106 studio, one- and two-bedroom apartments with oversized windows and electric fireplaces. Community amenities include a central atrium courtyard, rooftop deck with a full-size bocce ball court, fitness center, bike storage, package lockers, a pet wash area and an underground parking garage.

The post Freestone Capital Acquires Aperture on Fifth Multifamily Community in Downtown Seattle for $32.2M appeared first on REBusinessOnline.

IPA Negotiates Sale of 95-Unit Apartment Complex in Seattle’s Eastlake Neighborhood

Amy Works — Wed, 02 Sep 2026 14:23:34 +0000

SEATTLE — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of East Howe Steps, an apartment complex located in Seattle’s Eastlake neighborhood. The seller was Bender Equities. An affiliate of Sequel Investment Co. and Evergreen Gavekal acquired the property for $35 million, or $351,579 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of IPA, represented the seller in the deal. Brian Eisendrath, Cameron Chalfant, Jake Vitta, Ray Allen and Tyler Johnson of IPA Capital Markets arranged acquisition financing for the buyer. Completed in 2016, East Howe Steps features two four-story buildings with a total of 95 studio, one- and two-bedroom apartments, four live/work units with private street-level entrances and 3,000 square feet of ground-floor retail space. The property includes a rooftop deck, open-air walkways, landscaped courtyards, a fitness center, controlled-access parking garage, bike storage and onsite paddle board and kayak rentals.

The post IPA Negotiates Sale of 95-Unit Apartment Complex in Seattle’s Eastlake Neighborhood appeared first on REBusinessOnline.

Freestone Capital Acquires 106-Unit Multifamily Property in Seattle for $32.2M

Amy Works — Tue, 01 Sep 2026 13:49:51 +0000

SEATTLE — Freestone Capital has acquired Aperture on Fifth, a 106-unit multifamily property located in the Denny Triangle neighborhood of Seattle. PrivatePortfolio GroupFreestone Capital sold the property for $32.2 million, or $304,245 per unit. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer, both of which are Seattle-based, in the transaction. Built in 2014, Aperture on Fifth comprises studio, one- and two-bedroom apartments along with a central atrium courtyard, rooftop deck with a bocce ball court, fitness center, bike storage, package lockers, pet wash area and an underground parking garage. Some units feature views of the Space Needle and the downtown Seattle skyline.

The post Freestone Capital Acquires 106-Unit Multifamily Property in Seattle for $32.2M appeared first on REBusinessOnline.

IPA Arranges $37M Sale of Vista Ridge Apartments in Issaquah, Washington

Amy Works — Fri, 28 Aug 2026 14:15:31 +0000

ISSAQUAH, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $37 million sale of Vista Ridge Apartments, a multifamily property in Issaquah, located east of Seattle. The sales price equates to $406,593 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of IPA represented the buyer and seller, both of which requested anonymity, in the deal. Brian Eisendrath, Cameron Chalfant, Jake Vitta and Ray Allen, also with IPA, arranged acquisition financing for the buyer. Vista Ridge Apartments features 91 two – and three-bedroom units averaging 1,106 square feet, as well as an outdoor heated pool, indoor spa and sauna, fitness center and a fenced dog park.

The post IPA Arranges $37M Sale of Vista Ridge Apartments in Issaquah, Washington appeared first on REBusinessOnline.

Cushman & Wakefield Arranges $250M Refinancing for 506-Unit Multifamily Property in Seattle

Amy Works — Fri, 21 Aug 2026 15:17:14 +0000

SEATTLE — Cushman & Wakefield has arranged a $250 million refinancing for Museum House, an apartment community in Seattle. Dave Karson, Christopher Moyer, Alex Lapidus and Meredith Crawford of Cushman & Wakefield represented the sponsor, a pension trust, in arranging the financing, which was provided by Barings. Completed in 2025, Museum House features 506 studio, one-, two- and three-bedroom residences, including 404 market-rate apartments and 102 income-restricted affordable homes through Seattle’s Multifamily Tax Exemption program. The property consists of two residential towers connected by a glass-enclosed skybridge approximately 300 feet above ground. Community amenities include a rooftop pool and hot tub, an indoor/outdoor fitness center, coworking spaces, resident lounges, a creative kitchen, pet amenities and wellness programming. Additionally, the community offers 6,010 square feet of ground-floor retail space.

The post Cushman & Wakefield Arranges $250M Refinancing for 506-Unit Multifamily Property in Seattle appeared first on REBusinessOnline.

IPA Arranges $47.5M Sale of Cascadia Fairwood Landing Apartments in Renton, Washington

Amy Works — Thu, 20 Aug 2026 14:16:43 +0000

RENTON, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $47.5 million sale of Cascadia at Fairwood Landing, a multifamily property in Renton’s Fairwood neighborhood. Giovanni Napoli, Philip Assouad, Ryan Harmon, Anthony Palladino and Nicholas Ruggiero of IPA represented the seller, Sack Capital Partners, and procured the buyer, Bridge Partners, in the deal. Built in 1981 and renovated in 2025, Cascadia Fairwood Landing features 15 two- and three-story residential buildings, an outdoor pool, fitness center and an outdoor pagoda with barbecue stations and seating. The property’s one-, two and four-bedroom apartments also offer full-size washer/dryers.

The post IPA Arranges $47.5M Sale of Cascadia Fairwood Landing Apartments in Renton, Washington appeared first on REBusinessOnline.

Breakthrough Properties Buys Biomanufacturing Facility Near Seattle for $78M

Amy Works — Mon, 17 Aug 2026 13:26:53 +0000

EVERETT, WASH. — Breakthrough, a joint venture of Tishman Speyer and Bellco Capital, has acquired a biomanufacturing facility in Everett, a suburb of Seattle, for $78 million. In tandem with the acquisition, Breakthrough secured a separate 21-year lease for the entire campus with a global biopharmarceutical company to create a U.S. manufacturing facility. The 270,000-square-foot facility can support a range of uses, including drug manufacturing, quality-control lab operations and, warehouse/distribution functions. The property also offers administrative office spaces and an onsite café. The site, located at 215 Shuksan Way, was originally leased to a biotechnology company that invested approximately $350 million to build out a biomanufacturing facility but never moved in after being acquired in 2023. The transaction marks Breakthrough’s first investment in the Puget Sound region. The name of the seller was not released.

The post Breakthrough Properties Buys Biomanufacturing Facility Near Seattle for $78M appeared first on REBusinessOnline.

Northmarq Brokers $22.5M Sale of 178-Unit Go Go Heights Apartments in Spokane, Washington

Amy Works — Mon, 17 Aug 2026 13:24:00 +0000

SPOKANE, WASH. — Northmarq has brokered the $22.5 million sale of Go Go Heights Apartments, a 178-unit, garden-style multifamily community in Spokane. An entity doing business as LC Gogo Heights LLC sold the property to an undisclosed, Washington-based private investment firm. Tyler Smith, Steve Fischer, Joe Kinkopf and Brendan Greenheck of Northmarq’s Seattle Investment Sales team represented the seller in the deal. Located at 7024 N. Colton St., Go Go Heights Apartments features two- and three-bedroom apartments with hardwood laminate flooring, walk-in closets, in-unit fireplaces, vaulted ceilings and private balconies. Amenities include indoor parking and a pool. The property was built in 1989.

The post Northmarq Brokers $22.5M Sale of 178-Unit Go Go Heights Apartments in Spokane, Washington appeared first on REBusinessOnline.

JLL Provides $42M Agency Loan for Refinancing of Multifamily Property in Vancouver, Washington

Amy Works — Thu, 13 Aug 2026 13:38:00 +0000

VANCOUVER, WASH. — JLL has provided a $42 million Fannie Mae loan for the refinancing of Portola Bridge Creek, a 270-unit, garden-style community in Vancouver. The borrower was Irvine, California-based SB Real Estate Partners, which has owned the property since 2022. Built in 1989, Portola Bridge Creek offers one-, two- and three-bedroom floor plans along with a pool with poolside grills, playground, dog parks, automated Amazon package locker and a 24-hour fitness center. Charles Halladay, Rick Salinas and Elijah Lax led JLL’s team on the transaction.

The post JLL Provides $42M Agency Loan for Refinancing of Multifamily Property in Vancouver, Washington appeared first on REBusinessOnline.

Mesa West Capital Provides $52M Loan for Refinancing of Sumner Mill Apartments Near Seattle

Amy Works — Fri, 07 Aug 2026 13:40:09 +0000

SUMNER, WASH. — Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments in Sumner, approximately 30 miles south of Seattle. Joshua Westerberg led the Mesa West Capital team that originated the loan. Jake Roberts of BWE’s Los Angeles office arranged the financing. Delivered in 2024 by the sponsor, Sumner Mill Apartments features 162 garden-style studio, one- and two-bedroom apartments spread across 3.8 acres at 5816 162nd Ave. E. Community amenities include an outdoor pool, fitness center, resident clubhouse with full kitchen, conference room, package room, dog park, picnic area, EV-enabled parking spaces and rooftop solar panels.

The post Mesa West Capital Provides $52M Loan for Refinancing of Sumner Mill Apartments Near Seattle appeared first on REBusinessOnline.

Colliers Negotiates $18.4M Sale of Sunset Self Storage Facility in Puyallup, Washington

Amy Works — Wed, 05 Aug 2026 13:15:25 +0000

PUYALLUP, WASH. — Colliers has negotiated the $18.4 million sale of Sunset Self Storage, a newly constructed facility located at 5514 152nd St. E in Puyallup, a suburb of Tacoma. An entity doing business as BVDSS Puyallup Owner LLC sold the asset to Mitchell RE Holdings LLC. Completed in 2025, Sunset Self Storage features climate-controlled units, multistory elevator access, modern security systems and a variety of storage options. The asset offers direct access to state routes 512 and 167 and I-5. Jacob Becher and Nate Fliflet of Colliers represented the buyer and seller in the transaction.

The post Colliers Negotiates $18.4M Sale of Sunset Self Storage Facility in Puyallup, Washington appeared first on REBusinessOnline.

Weidner Sells A’Cappella Apartment Homes in Lynnwood, Washington for $112M

Amy Works — Mon, 03 Aug 2026 13:10:27 +0000

LYNNWOOD, WASH. — Weidner Apartment Homes has sold A’Cappella Apartment Homes in Lynnwood for $112 million. The Puget Sound Business Journal identifies Pacific Urban Investors as the buyer. Kyle Yamamoto, Eli Hanacek and Natalie Kasper of CBRE’s Pacific Northwest multifamily team represented Weidner in the transaction. Built in 1989, A’Cappella is located at 15001 35th St. and was 95 percent occupied at the time of closing. Lynnwood sits at the northern terminus of Sound Transit’s Link light rail, which opened in August 2024 and connects residents to Seattle.

The post Weidner Sells A’Cappella Apartment Homes in Lynnwood, Washington for $112M appeared first on REBusinessOnline.

Nordic Partners Investments Acquires 107-Unit Monticello Apartments in Seattle

Amy Works — Fri, 31 Jul 2026 13:02:47 +0000

SEATTLE — Nordic Partners Investments has acquired Monticello, a 107-unit apartment building located at 415 Boren Ave. in Seattle’s First Hill neighborhood, for an undisclosed price. Built in 1957, Monticello spans 42,342 net rentable square feet. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily Team represented the undisclosed seller and sourced the buyer in the off-market transaction.

The post Nordic Partners Investments Acquires 107-Unit Monticello Apartments in Seattle appeared first on REBusinessOnline.

Lincoln Property Co. Acquires 275,000 SF Canyon Road Commerce Center in Puyallup, Washington

Amy Works — Wed, 29 Jul 2026 13:18:00 +0000

PUYALLUP, WASH. — Lincoln Property Co. has acquired Canyon Road Commerce Center, a 275,000-square-foot industrial campus in Washington’s Pierce County. Trammell Crow Co. and an affiliate of CBRE Investment Management sold the asset for an undisclosed price. Located at 5103-5223 136th Street E. in Puyallup, Canyon Road Commerce Center features two Class A industrial buildings designed to accommodate a range of manufacturing, aerospace, logistics and distribution users. Suites can support tenants with requirements as low as approximately 40,000 square feet. The campus features 32- to 36-foot clear heights, 21 dock-high doors per building, substantial power capacity and LED lighting. Chris Spofford, Bill Honsaker, Scott Carter and David Cahill of JLL are handling leasing for the industrial campus. Canyon Road is the third acquisition for Lincoln Logistics Fund II, which has secured more than $280 million in capital commitments from two longstanding institutional investors, alongside Stone Point Capital and Lincoln employees.

The post Lincoln Property Co. Acquires 275,000 SF Canyon Road Commerce Center in Puyallup, Washington appeared first on REBusinessOnline.

BLP Buys 782,775 SF Distribution Facility in Frederickson, Washington

Amy Works — Thu, 23 Jul 2026 13:13:00 +0000

FREDERICKSON, WASH. — Bridge Logistics Properties (BLP) has purchased a 782,775-square-foot distribution facility in Frederickson, located within the Seattle-Tacoma metro area. Terms of the transaction were not released. The property was developed by Panattoni and delivered in 2024 as part of a larger industrial development known as Fred310. Jeff Chiate and Bryce Aberg of Cushman & Wakefield facilitated the transaction. Harbor Freight Tools fully occupies the property on a long-term basis. The facility serves as a regional distribution center supporting more than 1,600 stores nationwide. The property, located at 6920 192nd St., features 40-foot clear heights, a cross-dock configuration with 152 dock-high doors and four grade-level doors, full concrete oversized truck courts, 476 trailer stalls, 262 auto parking spaces, 4,000 amps of power with expansion capability, ESFR sprinklers and separate truck and auto entrances.

The post BLP Buys 782,775 SF Distribution Facility in Frederickson, Washington appeared first on REBusinessOnline.

Kiemle Hagood Negotiates $32M Sale of Multi-Tenant Retail Property in Spokane, Washington

Amy Works — Thu, 23 Jul 2026 13:11:00 +0000

SPOKANE, WASH. — Locally based brokerage firm Kiemle Hagood has negotiated the $32 million sale of 5 Mile Shopping Center, a multi-tenant retail center in north Spokane. An entity doing business as Romax 5 Mile LLC purchased the grocery-anchored property from 5-Mile Investment Co. I LLC. Situated on 14.2 acres at 1812 W. Francis Ave., the property features more then 163,000 square feet of retail space. Current tenants include Rosauers, Starbucks Coffee, Chipotle Mexican Grill, Taco Bell, Washington Trust Bank, Mister Car Wash, GNC and Edward Jones. Casey Brazil and Richard Fox of Kiemle Hagood represented the seller in the deal, while Colin Conway and Steve McIntosh of Kiemle Hagood represented the buyer.

The post Kiemle Hagood Negotiates $32M Sale of Multi-Tenant Retail Property in Spokane, Washington appeared first on REBusinessOnline.