{"id":1004135931,"date":"2016-01-30T13:09:52","date_gmt":"2016-01-30T21:09:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004135931"},"modified":"2022-03-03T03:44:22","modified_gmt":"2022-03-03T11:44:22","slug":"bixby-takes-2-from-panattoni","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bixby-takes-2-from-panattoni\/","title":{"rendered":"Bixby Takes 2 from Panattoni"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

Seattle <\/strong>\u2013Bixby Land Co.<\/a> recently acquired a pair of Seattle-area industrial assets built by Panattoni Development Co.<\/a>. Newport Beach, Calif.-based Bixby paid Panattoni $12.4 million for the facilities, which offer a combined 99,000 square feet of space. Brett Hartzell and Taylor Odegard of CBRE Group Inc. arranged the transaction on behalf of the buyer and seller.<\/p>\n

\"14513<\/a>

14513 32nd St. East<\/p><\/div>\n

Located at 14513 32nd<\/sup> St. East in Sumner, the larger asset offers a total of 63,768 square feet of space, currently fully occupied by OMADA International under a long-term lease. Vacancy in the 14.4 million-square-foot Sumner submarket stands at 7.5 percent.<\/p>\n

Bixby’s other new asset is located at 1417 West Valley Highway North in Auburn. The 34,435-square-foot building is fully leased to Tellworks Communications. Auburn’s 26.2 million-square-foot inventory makes it Puget Sound’s second largest industrial submarket. The submarket’s 3 percent vacancy indicates heightened demand.<\/p>\n

\u201cThe acquisition of these core assets helps balance out the value-add investing we have done throughout California, where we have been especially active in the redesign and development of primarily office properties,\u201d said Mike Severson, Bixby’s president, in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Puget Sound industrial markets have consistently risen, leading to heightened interest in the area’s assets. <\/p>\n","protected":false},"author":41,"featured_media":1004135936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1610,15],"tags":[],"class_list":["post-1004135931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-seattle","category-west"],"acf":[],"yoast_head":"\nBixby Takes 2 from Panattoni - 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\/bixby-takes-2-from-panattoni\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bixby Takes 2 from Panattoni\" \/>\n<meta property=\"og:description\" content=\"Puget Sound industrial markets have consistently risen, leading to heightened interest in the area's assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bixby-takes-2-from-panattoni\/\" \/>\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=\"2016-01-30T21:09:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T11:44:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Larsen-Building.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"644\" \/>\n\t<meta property=\"og:image:height\" content=\"408\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bixby-takes-2-from-panattoni\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bixby-takes-2-from-panattoni\/\",\"name\":\"Bixby Takes 2 from Panattoni - 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