News & Press

New Seattle Marketplaces Satisfy Appetites for Everything


Liz Dunn – 12th Avenue Market Place recognized in the New York Times

Source:  New York Times


Port of Seattle launches study of real estate portfolio –


Working with a multidisciplinary team, Heartland has been retained by the Port of Seattle to create a redevelopment strategy for select assets. Heartland’s work will be focused on defining the redevelopment economics and implementation strategies that will guide future real estate decisions to better support the Port’s core business objectives.

New $60M Seattle Center facility lifts the curtain on opera


In 2014 Heartland was engaged by the Seattle Opera to assist them in consolidating their multi-location operations into a permanent home that would act as a catalyst for several public-private partnerships at the Seattle Center, ultimately driving value and vibrancy to the heart of the arts and entertainment corridor of the City.  Heartland assessed the Opera’s owned and leased real estate portfolio through a market, regulatory, physical, financial and legal lens.  Heartland then assisted the Opera’s Board and Senior Leadership team with an alternatives analysis to arrive at a strategy that would both satisfy the Opera’s programmatic and operational objectives, but also optimize asset values, direct or indirect financial contributions to the project as well as minimize risk for the Opera. Heartland is now working with the Opera to implement the selected strategy in support of the completion of the $60M, 105,000 square-foot Seattle Opera At the Center permanent home, projected to begin construction in January 2017.

Source: Puget Sound Business Journal


Purchase of Weyerhaeuser Campus


Heartland was engaged by Weyerhaeuser Company to evaluate its corporate campus in Federal Way, Washington. Upon making the decision that relocating to Seattle was the best option, Weyerhaeuser then engaged Heartland in a brokerage capacity to source both on- and off-market opportunities that could accommodate the Company’s 800 FTE capacity requirement.  Weyerhaeuser ultimately made the decision to lease all the office space at the 200 Occidental building being developed in Pioneer Square by Urban Visions.  The move will occur in 2016 when construction of the new building is complete. 200 Occidental was recognized as a finalist for NAIOP’s 2015 Deal of the Year.

Heartland was then retained by Weyerhaeuser to assist with the sale of the Federal Way campus, consisting of approximately 800,000 square feet of office, research, and industrial space on more than 425 acres. Heartland undertook a multi-faceted marketing approach that ensured comprehensive exposure to the property on a local, regional, national, and international level.  Our efforts resulted in multiple offers to purchase the Campus, with the property being sold to Industrial Realty Group (IRG) in February 2016.

Source: CNN

Source: Seattle Business Wire

Panattoni pays $2.8M for 9.7 acres in Everett


Heartland, along with Washington Real Estate Advisors (WA-REA) was retained by the Port of Everett as the exclusive brokerage team for the +/-38 acre Riverside Business Park (RBP) in Everett, Washington. A former Weyerhaeuser mill site, the RBP is a significant land asset for the Port and an important part of achieving its mission of economic development and job creation.

Source: Daily Journal of Commerce