Mar 20, 2025

New tenants named at 222 Fifth

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Gensler, which designed the 222 Fifth Ave. N., life-science building for LPC West, shared some details in January about CoLabs, a developer-sponsored, built-out biotech incubator space on the third floor. This week LPC West put out its own press release, in conjunction with partner Intercontinental Real Estate. Significantly, there are now some tenants: Exo-Immuno Research Institute, Kinea Bio, Celogics and Decycle. LPC West's Uly Rivera said, “The CoLabs space is equipped with a stockroom, a tissue culture room, a Millipore water system, and communal equipment like fume hoods, freezers, incubators, glass wash and other science-critical instruments.” Intercontinental's Nicole Griffin added, “Our mission is to create an empowering space that fuels creativity, collaboration, and long-term growth for every tenant.” CBRE's Marcus Yamamoto and David Abbott represent the space at 222 Fifth, with about 173,000 square feet on offer.

Kidder Mathews

Stutz

Veteran broker Dan Stutz has moved from his perch at CBRE to Kidder Mathews, the latter firm recently announced. KM president Brian Hatcher said in a statement, “Dan has been a fixture in Seattle's office market for years, helping clients adapt to changing conditions and make smart, informed decisions. He's the kind of broker people trust and enjoy working with — straightforward, knowledgeable, and always focused on getting the best results for his clients.” Stutz added, “While each transaction is unique, the focus, dedication and commitment are constant.”

ULI hosts Rainier Square event

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Members of ULI Northwest, or just those who are ULI-curious, are encouraged to register and attend an April 8 networking event at the handsome and fairly new Fonte Bar at Rainier Square. That's on the second level at 401 Union St., with BNBuilders as the gathering's sponsor. The free Tuesday event begins at 8:30 a.m. Details and registration: northwest.uli.org.

Kidder Mathews

Robinson

Having recently departed BioMed Realty's Seattle office, Anwen Robinson has joined Kidder Mathews. Her new company announced the news this week. Its Erin French said in a statement, “Anwen is a fantastic addition — she knows how to run a portfolio with precision while keeping both tenants and clients top of mind. Her depth of experience and leadership style make her a natural fit, and I'm excited to see the impact she'll have in Seattle.” Robinson has been in our market for about four years, and will join Kidder's asset services division as a senior VP.

Mar 13, 2025

Gantry finds $12M for Tukwila industrial buy

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As the DJC reported in January, a Tukwila warehouse traded for about $20.2 million to an LLC associated with Davis Property & Investment and Robison Investment Properties. Its nearly 109,000 square feet are fully leased. Principal Life Insurance then loaned $12.1 million for the purchase. Gantry said this week that it arranged the 7.5-year, fixed-rate, non-recourse loan. Tim Brown and Mike Wood led the effort. The latter said in a statement, “This was a time sensitive acquisition that started negotiations and due diligence in late 2024. We were able to lock a rate in November of last year to begin the formal purchase negotiations with a loan in place.” The loan features an introductory interest-only period, followed by 30-year amortization for the remaining term.

Tarragon

O'Leary

Tarragon announced this week that it has a new director of construction. That would be Shawn O’Leary, who makes the move from Holland Partner Group. Company president Dennis Rattie said of O’Leary, “Shawn’s extensive background in complex residential projects, and deep understanding of construction management, make him a strong addition to our team. His leadership will be instrumental as we continue to grow and execute our development pipeline.”

Aegis adds to board

Svenson

Based in Bellevue, but a developer of senior housing communities all over the West Coast, Aegis Living announced two new board members this week. Richard Galanti previously held high executive positions during his four decades at Costco . Aegis said in a statement, “Galanti’s extensive experience in financial management and strategic planning is expected to provide invaluable guidance as the company continues to innovate and expand its services to meet the evolving needs of seniors.” And Ally Svenson (pictured), still running MOD Pizza , has what Aegis calls, “expertise in scaling businesses while maintaining a strong company culture.”

Broderick Group

Toro

Larsen

Broderick Group has hired a pair of associates. The announcement came last week. Mick Larsen and Samson Toro will focus on leasing industrial and flex leasing. Toro makes the move from Infinity Solar. Broderick says of the pair, “Their combined knowledge of industrial real estate, transactional strategy and client-driven solutions will play a crucial role in expanding Broderick Group’s presence in key submarkets.”