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
