CORFAC News

Tukwila, WA; December 28, 2011– The Andover Company/CORFAC International announced the closing of eight deals covering over 191,000 square feet over 60 days: 11 industrial leases, one office lease, and two industrial building sales.  

• Brian Bruininks, CCIM and Brian Dennehy represented Cabot Industrial Fund III in the acquisition of an 86,675 square foot industrial building located at 1516 Fryar Avenue, Sumner, WA. The purchase price was $6.5 million.
  
  
• George Rockwell, SIOR represented landlord Burien Investors in their renewal lease to tenant Oberto Brands for 46,799 square feet at 22515 54^th Avenue S., Kent, WA.
  
   
• Bruce Clarkson represented lessor 4746 Ohio Avenue South LP in their lease to tenant Urban Hardwoods, Inc for 14,400 square feet of industrial space at Port 106 Building, located at 4755 Colorado Ave. S., Suite C, Seattle, WA.
  
   
• Brian Bruininks, CCIM and Sean Durkin represented Quality Plus Insulation in their lease with landlord Pacific Realty Associates at the Young Ocean Building located at 20233 80^th Avenue S., Kent, WA, for 9,070 square feet.
  
   
• Jeff Crane  represented lessor 116 Clay Street LLC in their lease to tenant Blockstore Wholesale, LLC, represented by Andover agent Sean Durkin, for 6,533 square feet of industrial space at Clay Street 1, located at 116 Clay Street, Auburn, WA.  
  
   
• Bruce Clarkson represented lessor 4746 Ohio Avenue South LP in their lease to tenant Two Beers Brewing for 4,800 square feet of industrial space at Port 106 Building, located at 4750 Ohio Ave. S., Suite A, Seattle, WA.
  
   
• Jeff Crane and Joel Conner represented Suburban Propane L.P. with their purchase of an industrial building located at 18901 Pacific Avenue, Spanaway, WA, consisting of 4,305 square feet and including 223,894 square feet of surrounding land. The seller was Ken McLaughlin, Sr.
  
   
• Dave Baumer and Brian Bruininks, CCIM represented landlord Realty Associates Fund VIII in their lease to tenant Valley Equipment Company for 4,000 square feet of industrial space at Pacific Business Park, located at 8601 S. 212^th Street, Kent, WA.
  
   
• Dave Baumer and Bruce Clarkson represented lessor Puget Properties in their lease to tenant Pure Water Technologies for 3,300 square feet of industrial space at Holgate Square, located at 1761 Airport Way S., Seattle, WA.
  
   
• Shane Crook represented tenant Leading Edge Kickboxing in their lease with landlord Oakesdale LLC for 3,260 square feet of industrial space at Oakesdale Commerce Center, located at 810 SW 34^th Street, Suite C, Renton, WA.
  
   
• Dave Baumer and Brian Bruininks, CCIM represented landlord Realty Associates Fund VIII in their lease to tenant Mercer Medical for 3,000 square feet of industrial space at Pacific Business Park, located at 8611 S. 212^th Street, Kent, WA.
  
   
• Connie Boyle, CCIM and Mike Ewing represented lessor City of SeaTac in their lease to tenants Islamuddin Wardock & Rabia Wardack for 2,876 square feet of office space at SeaTac Center, located at 15245 International Blvd., SeaTac, WA.
  
   
• Sean Durkin represented tenant Geo-Dynamics in their lease with landlord Park 20, LLC, represented by Andover agent Dave Dunn, for 2,500 square feet of industrial space at Park 20, located at 1402 20^th Street NW, Auburn, WA.

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 14 agents with over 180 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.CORFAC International is one of the largest commercial real estate services organizations in the world and founded in 1989. U.S.-based CORFAC is comprised of privately held entrepreneurial firms with expertise in office, industrial, corporate services, retail real estate and property management. In association with FIABCI – the International Real Estate Federation, BDIin Mexico,five independent firms in Canada, Rios Commercialin Puerto Rico and Panama-based Latin American Corporate Property Services, CORFAC International has 80 offices in the Americas and a market reach to 65 countries worldwide.  For more information on CORFAC, contact 954-923-6160, info@corfac.com or visit www.corfac.com.For more information, please contact Brian Bruininks, CCIM, of The Andover Company, Inc./ CORFAC International at (206) 336-5324.