News & Press

Seabrook: How to build a town from scratch in the middle of nowhere


Heartland has been an advisor for Seabrook since 2012, assisting the dynamic Washington oceanfront community with advisory services for real estate, financial modeling, and capitalization efforts. Seabrook is now well positioned to expand both around their substantial existing investment along the Washington coast as well as into new, emerging Washington vacation destinations.

Consultant urges Bremerton Port to target individual maritime, defense businesses


Heartland helped the Port of Bremerton develop a marketing strategy for its industrial real estate portfolio, to pursue individual businesses in various sectors that will make it more competitive locally, regionally, nationally and internationally.

“The idea is with your limited staff resources, getting them as pinpointed as you can get with deciding who to target and how to methodically reach out to them and tell the right story about Bremerton, Kitsap and these properties.”

Transit Hubs: A Growing Lure for Developers


Investment in transit infrastructure has led to the rise of transit-oriented development. Across the country, cities are seeing greater levels of development near new rail systems or station openings – development that is becoming increasingly attractive to companies seeking new office space and their millennial employees who prefer alternative transit options. Recognizing this trend, Heartland has helped prominent companies like REI and Weyerhaeuser move their headquarters to transit-oriented development sites, increasing their visibility and ability to secure next generation talent.

Employment Opportunity: Heartland Is Hiring


Heartland is currently seeking candidates for a Graduate Intern to support market, demographic, economic, and financial data collection and analysis for a wide range of real estate product types, geographies, and client types.

The Graduate Intern will work on a range of internal research projects and will assist the Project Management team on client-related work.


McLendon Hardware begins sell-off with 4 stores for $30M


In 2015, Heartland was engaged by McLendon Hardware, a third-generation family-owned Seattle area hardware store chain, to assist them in a strategic alternatives analysis to maximize the value of their operating business and real estate as well as plan for succession. In 2017, Heartland’s work culminated in the sale of the hardware operating company to CNRG, a Memphis-based national hardware store, home center and lumberyard operator, and the disposition of the five-asset owned real estate portfolio to Suntrust with a leaseback to CNRG. As a result, the long treasured brand and company will continue to operate and a successful outcome for the shareholders was achieved.

McLendon Hardware begins sell-off with 4 stores for $30M  —Daily Journal of Commerce

McLendon Hardware, for decades a regional fixture, is sold to Memphis firm —Seattle Times