{"id":1004106665,"date":"2014-11-01T05:52:14","date_gmt":"2014-11-01T13:52:14","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=303117"},"modified":"2022-12-08T18:29:16","modified_gmt":"2022-12-09T02:29:16","slug":"woodinville-industrial-property-acquired-in-30m-transaction","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/woodinville-industrial-property-acquired-in-30m-transaction\/","title":{"rendered":"Woodinville Industrial Property Acquired in $30M Transaction"},"content":{"rendered":"<p class=\"MsoNormal\"><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p class=\"MsoNormal\">A five-building Class A\u00a0industrial asset recently traded hands in the Pacific Northwest, when a sovereign wealth fund advised by KBS Realty Advisors paid around $30 million for a property in the Eastside industrial market. The Park at Woodinville is a warehouse and light-manufacturing infill project that was sold by Colony Realty Partners. The deal was arranged on behalf of the seller by Rick Putnam and Tom Abbott of Colliers International.<\/p>\n<p class=\"MsoNormal\">The Park at Woodinville\u2019<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/the-park-at-woodinville1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-303123\" title=\"the park at woodinville\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/the-park-at-woodinville1.jpg\" alt=\"\" width=\"255\" height=\"300\" \/><\/a>s five buildings offer tenants a total of 239,607 square feet of space. The asset currently has a 10 percent vacancy rate, and its location offers tenants proximity to some of the largest cities in the state of Washington: Seattle, Bellevue and Everett. KBS and its affiliates own 1.4 million square feet\u00a0in the local market, including Bellevue Technology Center, Ridgewood Corporate Square, The Plaza Buildings, North Creek Parkway Center and The Central Building.<\/p>\n<p class=\"MsoNormal\">According to KBS Western Regional President Rodney Richerson, the newly acquired asset is \u201cvery well located to take advantage of the strong industrial market throughout the Puget Sound area, and as one of the largest industrial parks in Woodinville, The Park can accommodate a diverse array of tenants with varying size requirements.\u201d As for KBS Senior Vice President Mark Brecheen, the new owner has plans to \u201cdifferentiate the property with aesthetic improvements that will further enhance the experience for new and existing tenants.\u201d<\/p>\n<p>Image courtesy of Colliers International<\/p>\n<p>&nbsp;<\/p>\n<p class=\"MsoNormal\">\n","protected":false},"excerpt":{"rendered":"<p>A Class A five-building industrial asset recently traded hands in the Pacific Northwest as a sovereign wealth fund that is advised by KBS Realty Advisors paid around $30 million for a property in the Eastside industrial market. The Park at Woodinville is a warehouse and light-manufacturing infill project that was sold by Colony Realty Partners. The deal was arranged on behalf of the seller by Rick Putnam and Tom Abbott of Colliers International.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1610],"tags":[],"class_list":["post-1004106665","post","type-post","status-publish","format-standard","hentry","category-latest","category-seattle"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Woodinville Industrial Property Acquired in $30M Transaction - Commercial Property Executive<\/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.commercialsearch.com\/news\/woodinville-industrial-property-acquired-in-30m-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Woodinville Industrial Property Acquired in $30M Transaction\" \/>\n<meta property=\"og:description\" content=\"A Class A five-building industrial asset recently traded hands in the Pacific Northwest as a sovereign wealth fund that is advised by KBS Realty Advisors paid around $30 million for a property in the Eastside industrial market. The Park at Woodinville is a warehouse and light-manufacturing infill project that was sold by Colony Realty Partners. The deal was arranged on behalf of the seller by Rick Putnam and Tom Abbott of Colliers International.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/woodinville-industrial-property-acquired-in-30m-transaction\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-11-01T13:52:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:29:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/the-park-at-woodinville1.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodinville-industrial-property-acquired-in-30m-transaction\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodinville-industrial-property-acquired-in-30m-transaction\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Woodinville Industrial Property Acquired in $30M Transaction\",\"datePublished\":\"2014-11-01T13:52:14+00:00\",\"dateModified\":\"2022-12-09T02:29:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodinville-industrial-property-acquired-in-30m-transaction\\\/\"},\"wordCount\":246,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodinville-industrial-property-acquired-in-30m-transaction\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/10\\\/the-park-at-woodinville1.jpg\",\"articleSection\":[\"News\",\"Seattle\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodinville-industrial-property-acquired-in-30m-transaction\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodinville-industrial-property-acquired-in-30m-transaction\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodinville-industrial-property-acquired-in-30m-transaction\\\/\",\"name\":\"Woodinville Industrial Property Acquired in $30M Transaction - 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