Dec 10, 2015

Peterson, Ricci join Wallace Properties

Ricci

Peterson

Wallace Properties hired Erik Peterson and Stefan Ricci. Peterson will be an associate vice president focused on multifamily and mixed-use investment properties. Ricci will be an associate. Peterson has more than eight years of experience in commercial real estate. Prior to becoming a broker he developed projects in the United Kingdom and Dubai. Wallace Properties was founded more than 35 years ago, and offers brokerage, investment, development, property and asset management services.

NAIOP topic: Fred Hutch and SLU

The Washington chapter of NAIOP will look at Fred Hutchinson Cancer Research Center's move to South Lake Union and the catalyzing effect it had on the neighborhood. The event starts at 7 a.m. Dec. 16 at Four Seasons Seattle. Tom Abbott of Colliers International will moderate a panel discussion with William Justen of The Justen Co.; James E. Klinger of Kidder Mathews; and Randy Main of Fred Hutchinson. For information or to attend, visit: https://goo.gl/Xe4jMo

Financing for SeaTac Office Center

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Bruce Ganong and Erica Christensen of HFF’s debt placement team secured $38.87 million in financing for Urban Renaissance Group and Iron Point Partners to buy SeaTac Office Center.

URG and Iron Point paid $47.1 million for the property at 18000 Pacific Highway S. in SeaTac.

It has three buildings constructed between 1974 and 1980, with about 550,000 square feet. Two buildings are 12 stories with 210,000 square feet and 225,000 square feet respectively. The other is a four-story, 115,000-square-foot structure.

They are 63 percent leased, according to HFF. URG and Iron Point plan to upgrade systems and exteriors, and make other enhancements.

HFF also represented the seller: ScanlanKemperBard Cos. of Portland.

Dec 03, 2015

Kidder Mathews hires Lezlie Plastino

Plastino

Lezlie Plastino has joined Kidder Mathews' Bellevue office as a senior property manager. Plastino has more than 25 years of property management experience, and last worked at Schnitzer West as general manager of investments for a 1.2 million-square-foot office portfolio. Plastino has worked at Kidder Mathews before, managing 6 million square feet of office and industrial space from the south Seattle office. Kidder Mathews has more than 500 employees in 12 offices in Washington, Oregon, California and Arizona.

Andrea Lerum joins Tarragon

Lerum

Tarragon said it hired Andrea Lerum as a leasing coordinator for retail. Lerum last worked at CBRE, where she was an assistant real estate manager. Tarragon develops residential, industrial, office and retail projects in Washington, California and Nevada.

2 more retailers at Chambers Bay

Top Pot Doughnuts and Mediterranean Grill will open locations in the Village at Chambers Bay in University Place. Mediterranean Grill will take 2,000 square feet in the Clearview Building at 3555 Market Place W. and Top Pot will take another 1,600 square feet in that building. The Clearview Building has two vacant spaces remaining, and broker Jeff Kraft of Kidder Mathews said he has letters of intent for both. Whole Foods Market was key to luring the new tenants, Kraft said.

$41M for affordable housing

Berkadia said it originated $40.8 million in refinancing for three affordable housing properties in Washington and Wyoming. Berkadia representatives declined to provide details on the properties. Ed Zimbler and Allan Freedman of Berkadia's Los Angeles office arranged financing through the company's Freddie Mac program for the property owner, which is from Woodland Hills, California. Berkadia is a joint venture of Berkshire Hathaway and Leucadia National Corp.