Seattle & Northwest + Seattle + Industrial | May 2, 2022

Northwest Acquires Kirkland Industrial Park for $40M

Northwest Building LLC has purchased the Totem Valley Business Center, a 6-acre, multi-building facility in Kirkland, WA for $40 million. The complex is located at 12509 130th Lane NE, just off Interstate 405 near The Village at Totem Lake shopping center.

Totem Valley Business Center is located in a bustling tech and corporate area, with companies like Aerojet Rocketdyne, NVIDIA Corp. and Otak nearby as well as The Lake Washington Institute of Technology.

Kirkland-based Northwest has purchased several Seattle-area industrial properties recently, including the Valley Freeway Corporate Park and Pacific Business Park in Kent, WA and the Totem Lake Commerce Center in Kirkland. The company is looking to expand into Portland and several California markets as well.

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About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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