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December 13, 2018

Port 106 Interbay is 55% leased

Port 106 Interbay is a joint venture between Ariel Development and Kauri Investments.

Port 106 Interbay, a 119,264-square-foot retail center being developed at 1600 W. Armory Way in Seattle is now 55 percent leased, according to Susie Detmer and Stacy Reid of CBRE's Seattle office. They represent the owners, Port 106 LLC, which is a joint venture between Ariel Development and Kauri Investments. Port 106 purchased the property from the city in 2006. Construction will begin soon on the final 25,000-square-foot building and an additional 11,000 square feet of shops, which will open in a year. Current tenants include Michaels and Total Wine. Bright Horizons Early Education and Preschool is under construction and opens early next year. Kent Angier of Kauri Investments said he thinks the neighborhood is like South Lake Union was 15 years ago and he expects to see a similar transformation.




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