CORFAC News

Contact:
Heather Seymour
206-336-5335
hseymour@andoverco.com 

Seattle, WA (January 21, 2014) – The Andover Company/CORFAC International announced the closing of 11 deals covering over 82,452 square feet over 30 days: five industrial leases, two industrial building sales, two office building sales, and two office leases. 

• George Rockwell, SIOR represented Valentine Walker Properties, LLC in the sale of a 27,195 square foot industrial building located at 500 Andover Park East, Tukwila, WA. The buyer, Howard Banasky, bought the building for $950,000.
  
• George Rockwell, SIOR represented Roffe and Associates in their lease to Workpointe, Inc. for 20,932 square feet of industrial space at the Roffe Building, located at 520 Andover Park West, Tukwila, WA.
  
• Dave Baumer and Brian Bruininks, CCIM represented Northwest Building Corporation in their lease to GRACO for 14,155 square feet of industrial space at Pacific Business Park, located at 8635 S. 212th Street, Kent, WA.
• Dave Baumer and Brian Bruininks, CCIM represented Kirkland Land LLC in the sale of a 7,892 square foot industrial building to Peripheral Visions for $792,000. The building is located at 500 26th Street, Auburn, WA.
• Sean Durkin and Brian Bruininks, CCIM represented Frederick W. Sargent in the sale of a 4,012 square foot office building to Hua Allen Chen for $600,000. The building is located at 10915 SE 176th Street, Renton, WA.
• Mike Hemphill and Jim Bisset represented Black River Park, LLC in their lease to Mid-American Overseas, Inc. for 2,194 square feet of office space at Oakesdale Center, located at 604 Oakesdale Avenue SW, Building B, Renton, WA.
• Arne Svendsen represented Harsch Realty Investments, LLC in their lease to LRK Studios, LLC for 2,035 square feet of industrial space at Campus Park, located at 1112 South 344th Street, Suite 311, Federal Way, WA.
• Sean Durkin and Jeff Crane represented NCWP, Andover Executive Park in their lease to Balance Rock for 1,770 square feet of industrial space at Andover Executive Park, located at 662 Industry Drive, Tukwila, WA.
• Mike Hemphill and Jim Bisset represented 8th & 9th, LLC in the sale of a 1,249 square foot office condominium to PAO-ROSA, LLC for $170,000. The condo is located within 9th Avenue Pavilion, at 33434 8th Avenue S, Suite 104, Federal Way, WA.
• Mike Ewing and Connie Boyle, CCIM represented lessor Graham Properties & Investments, LLC in their lease to TBB Financial, LLC for 750 square feet of office space at Graham Business Center, located at 21723 103rd Avenue Court E, Graham, WA.
• Sean Durkin and Jeff Crane represented NCWP, Andover Executive Park in their lease to Guy Guadalupe for 268 square feet of industrial space at Andover Executive Park, located at 596 Industry Drive, Tukwila, WA.

About the Andover Company, Inc./CORFAC International
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 15 agents with over 200 years of commercial real estate experience. The Andover Company focuses primarily on selling and leasing industrial, office and investment properties in south King and north Pierce counties — the largest concentration of industrial space in the Northwest. In addition, Andover Asset Management provides property management services to both local and institutional clients.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services.  In association with FIABCI (the International Real Estate Federation) and global affiliates, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged over 8,500 completed transactions annually totaling more than 600 million square feet worth an excess of $5.2 billion for their customers. For more information on the CORFAC network, contact 703.532.6160 or visit www.corfac.com.