News & Press

Port of Seattle launches study of real estate portfolio – King5.com

03.16.2016

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. 

King5.com

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

03.16.2016

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

03.08.2016

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 http://money.cnn.com/news/newsfeeds/articles/prnewswire/CL19165.htm

Source: Seattle Business Wire http://www.businesswire.com/news/home/20160218006194/en/Columbia-Pacific-Advisors-50M-Loan-Purchase-Weyerhaeuser

Panattoni pays $2.8M for 9.7 acres in Everett

01.18.2016

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

Heartland recognized at NAIOP Night of the Stars 2015

11.11.2015

The NAIOP Night of the Stars is an annual celebration of outstanding local real estate projects and companies. In 2015, Heartland is proud to have partnered on three winning projects and one additional nominated finalist as follows:

  • 200 Occidental– Deal of the Year Finalist
  • Chophouse Row – Mixed–Use Development of the Year Winner
  • Touchstone Recapitalization by Urban Renaissance Group – Deal of the Year Winner
  • Navos Lake Burien Campus for Children, Youth and Families – Community Impact of the Year Winner