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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.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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