Oct 27, 2022

Lee signs new Tacoma tenants

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Named for the old Rhodes department store that once occupied the three buildings in downtown Tacoma, Tacoma Rhodes Center is gradually finding new tenants. Lee & Associates is brokering the space, and recently announced that Maxim Healthcare Services, Mindful Support Services, ES Technologies and CU Strategic Planning have signed for a combined 17,000 square feet. Harrison Laird and John Bauder led the leasing effort. The latter said in a statement, “The landlord has done a great job of attracting tenants with high-end buildouts, flexible floor plans, and leasing incentives. An aggressive marketing program combined with the property's abundant parking, great accessibility, and recent improvements has led to outstanding recent leasing success.” The complex sold to Portland investors two years ago. Lee has since signed eight tenants occupying 42,000 square feet. Besides the garage, two century-old office buildings offer some 180,000 square feet.

Kidder Mathews

Wallace

Monica Wallace joined the Bellevue office of Kidder Mathews last year. Now the firm has announced she's been promoted to executive vice president, and will oversee six offices in our state and Oregon. KM's Brian Hatcher said in a statement, “Kidder Mathews is on a substantial growth path, and Monica has what it takes to help expand our brokerage division in the Pacific Northwest.” Said the industry veteran Wallace, “When you include the opportunity for brokers to become shareholders, it makes for compelling conversations with brokerage talent, and I look forward to helping grow our team.”

SIOR

Loveall

A longtime broker in the South Seattle office for Kidder Mathews, now an executive vice president, Patricia Loveall has also been a longtime member of the Society of Industrial and Office Realtors. Fellow SIOR members recently elected her to the rank of SIOR global president. She said in a statement, “As a long-time SIOR designee, I'm honored to serve as the 2022-2023 SIOR global president, and look forward to working with SIOR leadership to implement our new five-year strategic plan.”

JLL signs Rivian at Emerald Gateway

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Prologis is gradually building and filling a potential 1.5 million square feet at its Emerald Gateway. (Numbers and building numbering vary according to tenant demand.) JLL brokers the 62-acre development, which is south of Boeing Field, and just west of Interstate 5. In its recent third-quarter industrial report, CBRE says that electric truck maker Rivian has taken 97,791 square feet at Building 2, on the northwest corner of the site. That's over half of a building slated to have 171,924 square feet, with delivery in March of next year. As the DJC first reported early last year, HPA Architecture designed the tilt-up structure, with Sierra Construction as the builder. (The latter's webcams indicate that ground work is well underway.) For Rivian, Building 2 will evidently replace the service operation it now has in the Wilburton area of Bellevue. The JLL team representing Prologis includes Chris Spofford, Les Boudwin, Scott Carter and David Cahill. As for a future sales center, Rivian filed a plan early last year for the Federal Army & Navy Surplus store in Belltown, but it withdrew the plan that summer. The building remains for sale, with CBRE and Azose Commercial Properties as the brokers.

Neil Walter Co.

Mead

Neil Walter Co. recently announced a new addition to its roster of talent. Spencer Mead joins the firm as an industrial associate. He makes the move from Sunbelt Rentals. His new focus will be on sales and leasing in the Kent Valley and south Puget Sound areas.