News & Press

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

Antioch University Seattle Campus – Sale of existing building and Lease of new building

10.02.2015

After a local and national RFQ process, Antioch University selected Heartland LLC to develop and implement a real estate strategy for its five national campuses. One of its campuses, Antioch University Seattle, is currently housed in an aging building in the Denny Triangle neighborhood.  The Heartland team, in collaboration with Gensler, a global architecture firm, conducted a real estate alternatives analysis and determined that a sale of the property would best serve the university’s mission.  Heartland represented Antioch in the sale of the 32,000 square foot property, which closed in Fall 2015 for $26.5 million.  Heartland also helped Antioch identify, select and lease a new campus located at 3rd and Battery Street. Antioch’s commitment to adult learners in Seattle will continue upon completion of this new 38,000 square foot facility  in Fall 2016.

Source: Puget Sound Business Journal

At long last, Liz Dunn’s Chophouse Row project is completed (slideshow)

05.13.2015

As part of its series of Heartland Investment Opportunities (HIO), Heartland partnered with Liz Dunn to fund the recapitalization and expansion of the 12th Avenue Marketplace Project located along the Pike-Pine Corridor of Capitol Hill. Led by Dunn & Hobbes, a best-in-class local developer with a proven track record of creative, preservation-focused, place-making projects in the Capitol Hill neighborhood, the opportunity combined the recapitalization of approximately 70,000 square feet of existing retail, office and residential space with approximately 38,000 square feet of newly constructed office, ground-floor retail and penthouse residential units. The Design Team is a collaboration between Graham Baba and Sundberg Kennedy Ly-Au Young and the contractor is MRJ Constructors.  Heartland is acting as an asset manager and resource to the development team, adding value through our in-depth understanding of local zoning, market dynamics, and project financing. Heartland successfully recapitalized the ~$11.6 million project, including over $5.6 million in HIO equity.

Source: Daily Journal of Commerce