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Seattle & Northwest  + Industrial  | 

EverWest Drops $30M in Renton, Kicks Off Series of Seattle-Area Industrial Buys

EverWest Real Estate Investors inked the first of several anticipated industrial acquisitions this year in Washington state. The Denver-based investor completed the $29.5-million purchase and partial sale-leaseback of an industrial building at 851 SW 34th St. in Renton.

EverWest’s Ryan Madson represented EverWest in the acquisition and sale-leaseback. NAI Puget Sound Properties’ Arie Salomon and Jeff Forsberg represented the 34th Street building seller, Alliance Packaging.

“EverWest has been actively pursuing infill industrial opportunities across the U.S., and this asset fits squarely in our parameters of quality, location, stability and long-term value,” said Madson.

Totaling 164,332 square feet, the property offers 26-foot clear heights, dock-high and grade-level doors in a cross-dock configuration, and heavy power. Alliance Packaging, the Northwest’s largest independent corrugated box manufacturer, will continue to occupy roughly half of the building under a long-term, 82,019-square-foot sale-leaseback agreement.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition