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Seattle & Northwest  + Washington  + Office  | 

Southend Seattle Office Park Sold for $29M

Blackriver Corporate Park, a 236,542-square-foot office campus in Renton, WA, has traded hands for $29 million. The 11 single-story and two two-story office buildings were acquired by Laird Norton from Embarcadero Capital Partners and funds managed by Oaktree Capital Management.

Located in Seattle’s Southend submarket, the sprawling campus is ideally positioned between the urban centers of Downtown Seattle and Bellevue, with access to Interstate 405 and Interstate 5.

More than $5 million was spent in capital improvements during the last five years, including roof replacements, HVAC upgrades, parking lot improvements, electric vehicle charging stations, conference center and a proposed fitness center.

JLL’s Lori Hill and Stuart Williams led the team on the sale.

Hill says, “The Southend has diversified greatly over the last 20 years, establishing itself as a less costly alternative to the Seattle and Bellevue office markets to the north.”

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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.

  • ◦Sale/Acquisition