Arbutus buys SLU site for $21M
12.04.2018
Heartland represented the Barden Family in sale of a prime land development site in Seattle’s South Lake Union neighborhood, which the family had held for over 100 years.
News & Press
Local investor group pays $19M for University Book Store site in Bellevue
11.16.2018
Heartland was pleased to represent The University Book Store in the sale of its Bellevue property. Heartland has worked with The Book Store since 2015 in developing and stewarding an asset management strategy for its portfolio of owned properties. This sale marks the latest implementation step in the execution of the strategy developed for The Book Store’s portfolio.
KNKX builds a new home in downtown Tacoma
10.15.2018
KNKX (88.5 MHz) is a public radio station in Tacoma, Washington. As a National Public Radio affiliate, it airs a jazz and news format for the Seattle metropolitan area. Formerly a part of Pacific Lutheran University, the station is now owned by Friends of 88.5 FM, a community-based non-profit group, who purchased the radio station and its network of translators and rebroadcasters from the university in 2015. KNKX currently broadcasts from an on-campus location, but desired a new location independent of the university as part of its new corporate identity. The station hired Doug Larson with Heartland to assist them in securing relocation office and broadcast space in downtown Tacoma. After a comprehensive search, the station recently leased a property in the Theater District and looks forward to beginning broadcast operations there in 2019.
Homebuilders buy development sites in Redmond, Bothell and near Maple Valley
08.20.2018
Heartland led a team comprised of ESM (Civil Engineering) and GeoEngineers (Geotechnical Consultants), performing development feasibility analysis and land brokerage services for the Cadman property in Redmond, WA.
Together the team assessed the property’s physical, regulatory and market conditions resulting in the planned disposition of a 12.8-acre residential portion of the site for $22 million to Bellevue-based homebuilder Polygon Northwest.
Amazon Leases New Office Building in South Lake Union
01.12.2018
Amazon.com has leased the entire 159,000 square foot office portion of 9th/Thomas, a new mixed use building in South Lake Union. 9th/Thomas is a legacy project developed by Scott Redman, President of Sellen Construction, on the site where his grandfather, John Sellen, started the company. Heartland assisted the Redman family in the project’s implementation from conception to delivery, and will provide long-term asset management to its ownership group.