May 09, 2025

Wells Fargo Advisors

A financial advisor team from UBS has joined Wells Fargo Advisor's Bellevue office. The team includes financial advisors Kyle Kuykendall, Brett Williams, Paul Adams, and Andrew Dickson, as well as support staff Kevin Tiv, Justin Lewis, and Ann Seidel. The team produces approximately $6.7 million in T-12 and manages nearly $800 million in AUM.

TRICO Companies

Bates

TRICO Companies named Nick Bates as its new senior controller. Bates has over a decade of accounting and audit experience in the construction industry. He joins TRICO from CBIZ (formerly Berntson Porter & Company), where he served as senior audit manager. Bates will lead the accounting team and oversee financial operations with a focus on streamlining processes, supporting smart growth, and aligning financial strategy with company goals. Bates holds a Master of Professional Accounting from the University of Washington and a bachelor's in accounting from Gonzaga University. He's also known for mentoring young professionals and streamlining systems that allow teams to work smarter and with greater clarity.

Fortive

Everett-based Fortive Corporation appointed Neill Reynolds as chief financial officer of Ralliant Corporation, effective June 2. Additionally, Fortive announced the filing of the Form 10 registration statement with the U.S. Securities and Exchange Commission for the planned spin-off of Fortive's Precision Technologies segment, to be named Ralliant, which remains on track for completion by the end of the second quarter of 2025. Reynolds brings more than 25 years of financial leadership experience within complex, global, publicly traded organizations. He most recently served as executive vice president and CFO of Wolfspeed. Prior to his tenure at Wolfspeed, Reynolds held key finance leadership roles at Freescale Semiconductor, where he was instrumental in delivering substantial margin expansion and leading operational integration efforts following the company's $40 billion merger with NXP Semiconductors. Earlier in his career, he spent 15 years at General Electric in progressively senior financial roles. Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets, and employs a team of more than 18,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world.

May 08, 2025

Not more pickleball!

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An Auburn industrial building has found a new tenant: Rally Pickleball Club. Kidder Mathews represented the tenant in the recent lease. The landlord at Auburn 18, formerly Pacific Point, is Industrial Realty Group. Rally is taking 43,959 square feet in one of the old industrial buildings that was once owned by the U.S. General Services Administration. Terms weren't announced. The landlord's broker is CBRE. Kidder's Matt McLennan said of the deal, “This wasn't your typical lease. But we're thrilled to have secured this space for a team that's bringing real professionalism to the indoor pickleball market.” Separately, as the DJC reported in January, IRG is planning a major overhaul of its 129-acre property. Several old buildings will be removed to make way for newer, larger structures. A few old buildings will remain. The complex will shift its balance of space from about 1.5 million square feet now to 2.4 million square feet after demo and construction, which hasn't yet begun.

NAIOPWA keeps eye on puck

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Sports! Or, more properly, sports-related real estate will be the topic of NAIOPWA's next monthly breakfast, to be held on May 21 at the Westin Seattle hotel. What do sports and real estate have to do with each other, you ask? Bodies, mainly, meaning visitors and sports fans who spend, spend, spend at hotels, bars and restaurants. And our industry caters to those customers, sometimes even building fancy new venues for their fandom. (One example, pictured, is the planned revamp of Memorial Stadium at Seattle Center.) To discuss sports-related seat filling will be a panel consisting of Angie Mentink from Root Sports, Courtney Carter from the Sounders and Reign, Lance Lopes from the Kraken and Dan Eernissee from city of Everett. (There, a new baseball stadium is being planned for the AquaSox.) The event begins at 8 a.m. Details and registration: naiopwa.org

Kidder Mathews finds yard tenant

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Three years ago, CenterPoint Properties paid a whopping $76 million for yard space in South Park. That's right, for 19 acres of bare asphalt, the deal was worth about $92 per square foot. Kidder Mathews represents the yard, right in between Highway 509 and state Route 99, and it announced that over 4.6 acres has been leased to an undisclosed client. Kidder's Chris Corr and Matt Murray represent CenterPoint. Murray said in a statement, “What makes this property unique is not only its size, but its excellent condition.” At the time of leasing, this was the largest paved, lit, and fenced contiguous yard available in King County. The yard was once the South Park Landfill, but there was environmental remediation under past local owner SeaCon, before it sold to CenterPoint. Corr and Murray also brokered that large sale.

Tarragon

Satterwhite

Purdue

Chad Purdue has been promoted to land development manager, Tarragon recently announced. Among his big projects to help oversee is Uplands, in the South Hill area south of Puyallup. That ongoing residential effort has both sales and rental components. And Grahm Satterwhite is now director of development, with a focus on multifamily. Tarragon president Dennis Rattie said of both, “They've each taken on significant responsibilities, and continue to move important projects forward with consistency and focus. Their work has made a real impact on the progress of key developments.”

A big lease in Lakewood

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US Elogistics Service Corp. has inked a 208,370-square-foot lease at the Lakewood Tacoma Logistics Center. Kidder Mathews' Todd Clarke, Ty Clarke and Matt McLennan represented the landlord, TA Realty. The new tenant, a freight and logistics company, has a relatively short lease that extends an initial five-plus years. McLennan said in a statement, “This is a high-quality, well-located facility built for performance. It checks all the right boxes for today's logistics users, and we're pleased to have secured a strong tenant on behalf of our client.”

BECU

BECU will open new Neighborhood Financial Centers (NFCs) on Bainbridge Island and in Duvall. The Bainbridge Island NFC opens in late 2025 and the Duvall NFC in 2026.

“Our new NFCs in Bainbridge and Duvall will be our first locations in these communities, making it easier than ever for our members to access in-person financial services. This includes one-on-one support for opening new accounts, loans and mortgages and investments and trust services,” said Jason Rudman, BECU chief member and digital experience officer.

The Bainbridge Island NFC will be located at 275 High School Road N.E. in the Island Village shopping complex. The Duvall NFC marks BECU's first location in the Snoqualmie Valley. The 3,000-square-foot location will be located at 14241 Main St. N.E. BECU expects to hire six employees at each of its new locations.

These NFCs will join other recently opened locations in Pierce County, White Center and Spokane. Additionally in 2025, BECU will open future NFCs in Kirkland and Stanwood in the fall.

With more than 1.5 million members and $29.4 billion in assets, BECU is the largest not-for-profit credit union in Washington and one of the top four financial cooperatives in the country. Anyone who lives, works or goes to school in Washington is eligible for membership.