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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.”

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

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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