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Seattle & Northwest  + Seattle  + Industrial  | 

MCA Realty Enters Puget Sound Metro with First Acquisition

MCA Realty acquired Lakewood Business Park, a 136,350-square-foot multi-tenant industrial asset in Lakewood for $18.2 million. The deal marks the Orange County, CA-based buyers’ first acquisition in Washington. The seller was undisclosed.

MCA Realty’s Tyler Mattox says, “We have been active in multiple areas throughout the Western region over the last several years, including California, Arizona and Nevada. With this acquisition, we are now expanding our portfolio into Washington state and plan to continue to expand our presence in the Pacific Northwest.”

The property at 10107 S. Tacoma Way consists of six buildings with 36 units, and an adjacent acre of undeveloped and under-utilized land. Prior to purchase, the property was about 80% leased, though during escrow MCA increased occupancy to roughly 95%.

Lakewood Business Center is located near the Port of Tacoma, as well as the Lewis-McChord active joint army and air force base.

CBRE’s Rebecca Perlmutter Finkel, Monte Decker and Eric Cox assisted in the transaction.

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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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