CORFAC News

On behalf of Panattoni Development, The Andover Company, Inc./CORFAC International is pleased to announce that Pacific Cascade has leased the remaining 48,885 square feet at Auburn Park 277. Auburn Park 277, a new high bay distribution building totaling 141,970 square feet was completed by Panattoni in June 2008. Pacific Cascade initially leased 50% of the building. Brian Bruininks, CCIM and George Rockwell, SIOR of The Andover Company, Inc./CORFAC International represented Panattoni in this transaction.

Established in 1978, The Andover Company, Inc./CORFAC International was formed to provide professional real estate brokerage services for businesses that require more versatility and support than can be offered by a sole practitioner, and more personalized service than is normally available from a national firm. Andover currently has 12 agents with over 170 years of commercial real estate experience. The Andover Company’s focuses primary on selling & leasing industrial, office and investment properties in south King and north Pierce county — the largest concentration of industrial space in the Northwest. In addition, Andover Asset Management provides property management services to both local and institutional clients.

CORFAC International is one of the largest commercial real estate services organizations in the world and celebrates its 20th year in 2009. U.S.-based CORFAC is comprised of privately held entrepreneurial firms serving more than 150 markets in The Americas and internationally through alliances with UK-based King Sturge, BDI in Mexico, Rios Commercial Corp. in Puerto Rico and Panama-based Latin American Corporate Property Services. In recent years, CORFAC firms completed over 9,000 commercial real estate transactions annually, encompassing more than 300 million square feet and valued each year in excess of $30 billion.

For more information, please contact Brian Bruininks, CCIM, of The Andover Company, Inc./CORFAC International at (206) 336-5324.