SEATTLE, WA– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that DCT Industrial Trust Inc. has awarded the company the management assignment of seven Class A industrial properties offering a total of 1.1 million square feet space throughout the Seattle market.
The management assignment follows DCT Industrial’s selection of Grubb & Ellis’ Matt McGregor (top right photo), senior vice president, Industrial Group, Bill Condon, (lower left photo) executive vice president, managing director, and Andrew Hitchcock, vice president, Industrial Group, as the leasing agents of the property in May.
Heather Nix, senior property manager, and Lee Wallis, CPM, CCIM, senior vice president, managing director, will lead the management assignment.
“DCT Industrial’s selection of Grubb & Ellis to manage as well as lease this outstanding portfolio speaks volumes of the well-integrated services we provide clients,” said Nix.
“We look forward to supporting such a highly regarded industrial owner like DCT Industrial, while working with the leasing team to keep the portfolio at its high standing within the marketplace.”
The portfolio is 95 percent leased and consists of four properties in Kent, including O’Brien Business Park (top left photo) , a 182,000-square-foot building located at 6804 212th St.
The park is anchored by BarclayDean Environments, a workspace furniture manufacturer, and is within close proximity to Highway 167 and Interstate 5. The other three properties in Kent are:
§ The Van Doren’s Landing Shaw Industries building, located at 22408-22620 64th Ave. S, is anchored by Shaw Industries and offers approximately 192,000 square feet of space.
§ The 183,000-square-foot Van Doren’s Landing Sea-Pac Building, located at 6215-6307 S. 228th St., is fully occupied by multiple tenants, including Sea-Pac Sales Company and Cronin and Company.
§ Seattle Bike Supply building, located at 7620 S. 192nd St., offers 66,500 square feet of space is fully occupied by Seattle Bike Supply.
The portfolio also includes two assets in Algona, Algona Business Park Buildings A and B. Located at 1150 Industry Drive N, Building A offers nearly 100,000 square feet of space. Building B is located at 840 Industry Drive N and consists of nearly 200,000 square feet of space.
The portfolio also includes 800 S.W. 27th St., Renton, (lower right photo) a 182,000-square-foot building fully occupied by Trojan Lithograph.
Contact: Julia McCartney
Phone: 714.975.2230
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