News & Press

Congratulations Builders FirstSource on the Disposition of 11-Acre Light Industrial Site in Utah

03.14.2025

Heartland LLC is pleased to announce the successful sale of another surplus Builders FirstSource (NYSE:BLDR) property! This latest disposition of an 11.4-acre light industrial site in West Valley City, Utah, follows the successful 2023 sale of a 32-acre industrial property in Everett, WA. As a leading supplier of building materials and services, BLDR recognizes the importance of proactive corporate portfolio management to optimize operations in markets around the country. Heartland had a great collaboration with co-broker Phillip Eilers, Senior Director at Cushman & Wakefield, Salt Lake. The buyer was represented by Gary Cannon of Cannon & Company.

Windermere partners with vacation home sharing company Esterre

03.11.2025

Congratulations to Esterre on the announcement of their partnership with Windermere Real Estate. Esterre has created an innovative new approach to second home ownership, where you can own an equity interest in a curated portfolio of vacation homes located across Washington State’s most desirable destinations without the cost and hassle that typically comes with traditional ownership. Esterre’s leadership brings decades of experience in the hospitality business to deliver an exceptional experience for its owners at a fraction of the nightly cost of a comparable hotel or short-term rental.
Heartland has advised the Esterre team on financial and business strategy since inception.
You can read more about Esterre and their home sharing concept by clicking learn more below.

Exciting news for the Port of Seattle and Sea-Tac Airport! ✈️

03.03.2025

Heartland is proud to have represented the Port of Seattle in the acquisition of International Place, a 548,700 RSF 17.7-acre office campus adjacent to SEA airport. This $122M transaction aligns with the Port’s long-term vision for meeting growing operational needs. Our team worked alongside the Port’s real estate group from strategy to execution—first by developing the Strategic Real Estate Plan for the Airport in 2023, then by negotiating and providing due diligence support to help bring this acquisition to the finish line. This project is a great example of how strategic planning translates into transformative action. Congratulations to both the Port and Urban Rennisance Group!

Heartland

REI Co-op enters into sale-lease back agreement with Madison Capital for distribution center properties

02.21.2025

Heartland is very pleased to continue our longstanding relationship with REI with this portfolio transaction. The capital market’s robust appetite for this offering was driven by the very high-quality environmentally sustainable assets, core submarkets and REI’s national brand recognition. Special thanks to Joanna Schmitt at REI, and our team of local brokers which include, Melissa Alexander and Casey Flannery at Foundry Commercial in Nashville; Eric Mattson, Bob Yoshimura and Joe Hill at BRK in Pennsylvania, and Riley Gilbert and Kelly Royle at JLL in Phoenix.

Click learn more below to read about it.

We are excited to welcome Vishakha Agarwal to the Heartland team!

10.02.2024

Vishakha Agarwal has joined the team as an Asset Management Analyst, where she brings over six years of experience in project management and finance to her role. She holds a master’s degree in real estate from Portland State University, where she specialized in asset management within commercial real estate. She began her career as an Interior Designer in Bangalore, India, working on residential and commercial projects, and in more recent positions has worked on multifamily and retail investment projects, employing various tools to conduct detailed investment and market analyses.

Heartland
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