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Seattle & Northwest  + Washington  | 

North Seattle Self Storage Development Site Sold

A fully-entitled, ready-to-build self storage site in the North Seattle city of Shoreline, WA has been sold. The buyer was Dallas-based Baranof Holdings, LLC, in a joint venture with an unnamed institutional equity partner.

The site totals 41,000 square feet of land, and is approved to build roughly 77,000 rentable square feet of Class A, institutional quality, heated space. The site is located on Aurora Ave North, and offers tremendous visibility and accessibility in a dynamic, growing trade area.

Cushman & Wakefield’s Greg Wells and Jim Lewis handled the transaction on behalf of the seller, Lake Union Partners, a private development firm based in Seattle.

Wells says, “The self storage market continues to see strong demand from all capital sources. This transaction is an example of the continued appetite for well-located development opportunities in high-end, high barrier to entry markets.”

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Connect With Baranof Holdings, LLCConnect With Lake Union PartnersConnect With Cushman & Wakefield’s Wells

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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