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Seattle & Northwest  + Washington  + Industrial  | 

LBA Picks Up Pair of Puget Sound Assets

Irvine, CA-based LBA Realty acquired a two-building Puget Sound industrial portfolio for $14.5 million from an unnamed seller. The Kent Valley properties were Andover Park East, located at 720-790 Andover Park East in Tukwila, and the Allied Building at 19130 84th Avenue South in Kent.

The key industrial market is positioned between the Ports of Seattle and Tacoma, near SeaTac International Airport, and accessible from Interstates 5 and 405.

Built in 1974, Andover Park East is a 72,882-square-foot building on two acres of land near the Southcenter Mall. The property was partially leased to Moe’s Home Collection and Osum Event Rentals.

The Allied Building, completed in 1979, measures 30,000 square feet on 2.01 acres. It was fully leased to Allied Building Products Corporation.

Colliers International’s Bill Condon and Matt McGregor represented the seller, a private investor, and procured the buyer.

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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.

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