{"id":1004195877,"date":"2017-11-03T09:45:47","date_gmt":"2017-11-03T17:45:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004195877"},"modified":"2022-12-08T16:01:13","modified_gmt":"2022-12-09T00:01:13","slug":"everwest-buys-seattle-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/everwest-buys-seattle-industrial-portfolio\/","title":{"rendered":"EverWest Buys Seattle Industrial Portfolio"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004195879\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/West-Valley-Distribution-Centers.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004195879\" data-attachment-id=\"1004195879\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/everwest-buys-seattle-industrial-portfolio\/west-valley-distribution-centers\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/West-Valley-Distribution-Centers.png\" data-orig-size=\"800,601\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"West Valley Distribution Centers\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/West-Valley-Distribution-Centers.png?w=800\" loading=\"lazy\" class=\"wp-image-1004195879 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/West-Valley-Distribution-Centers.png\" alt=\"West Valley Distribution Centers\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/West-Valley-Distribution-Centers.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/West-Valley-Distribution-Centers.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/West-Valley-Distribution-Centers.png?resize=768,577 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004195879\" class=\"wp-caption-text\">West Valley Distribution Centers<\/p><\/div>\n<p>HFF secured the sale of a three-building industrial portfolio in Seattle, which included West Valley Distribution Center I, III and V. The properties are located in North Kent Valley and total 138,296 square feet. The company worked on behalf of the seller, a subsidiary of Industrial Property Trust Inc.,\u00a0an industrial-focused program sponsored by an affiliate of Black Creek Group. EverWest Real Estate Partners Inc. acquired the assets.\u00a0<\/p>\n<p>The properties are located at 19026 and 19042 72<sup>nd<\/sup> Ave. S., and 19030 West Valley Highway, in one of\u00a0Seattle&#8217;s most sought-after industrial submarkets, which boasts strong underlying fundamentals, including tenant demand, significant institutional ownership and superior accessibility.<\/p>\n<h2>Various tenants<\/h2>\n<p>The West Valley Distribution Center I and V are 100 percent leased to three tenants in the manufacturing, distribution and construction industries. SeaMetrics recently extended their term through 2018. The tenant has a specialized light manufacturing build out that streamlines high-value flow meter and control manufacturing and distribution. The properties offer 24-foot clear heights, market standard parking and limited 14 percent office build out.<\/p>\n<p>Director Dave Otis, Co-Head Michael Leggett of HFF\u2019s west coast team and Scott Pertel were part of the team that represented the seller. Senior Managing Director Eric Tupler and Director Erica Christensen led the debt advisory team that sourced the financing on the asset. The company also worked with Arie Salomon and Taylor Hoff of NAI Puget Sound Properties in the transaction. Recently, HFF arranged the sale of Brookhill Towne Center, a 99,142-square-foot, value-add <a href=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-colorado-retail-sale\/\">retail center in Westminster<\/a>, Colo.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF facilitated the company\u2019s purchase of the West Valley Distribution Center I, III and V in North Kent Valley, which total more than 138,000 square feet. <\/p>\n","protected":false},"author":436,"featured_media":1004195879,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742,1610,15],"tags":[38162,34805,32792,33066],"class_list":["post-1004195877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-seattle","category-west","tag-black-creek-group","tag-everwest-real-estate-partners","tag-hff","tag-industrial-property-trust"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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