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Condon McGregor Industrial Team

Delivering Top Results for Industrial Clients Nationwide


As national and international real estate consultants with Colliers International, we represent large firms associating with warehousing, manufacturing, and logistics facilities. We exceed client expectations by helping them achieve a lease, acquisition or disposition rated among the top five percent of most favorably negotiated deals in the market. We achieve this by partnering with our clients and understanding their business and objectives.
 

Our industrial brokerage and consulting services include:

  • Relocation analyses and negotiations
  • Lease evaluations
  • Consolidations
  • Portfolio consulting
  • Subleases
  • Acquisitions
  • Dispositions
  • Strategic planning
  • Demographics
  • Site consulting
  • Labor analyses
  • Power studies
  • Comparative financial analyses
  • Construction
  • Post-occupancy services
  • State and local incentives negotiations

Client Testimonials


Rainier Industries

MARKET: USA
CHALLENGE:

Manufacturing facility operating out of two facilities needing to combine to one and needed to align three building sales simultaneously to make it happen. 

RESULTS:

Exceeded client expectations by aligning three complicated sales and a move of a national production/manufacturing facility.

EZMARKET

MARKET: USA
CHALLENGE: Sale-leaseback of a manufacturing facility and needed to exceed a market price and bring in the right landlord for a long-term owner.
RESULTS:

Exceeded client expectations by structuring a high market price while providing the client with a beneficial lease.

Pacific Crest Industries

MARKET: USA
CHALLENGE:

Create a beneficial sale-lease back with a credit challenge during the down turn.

RESULTS:

Achieved a top market price and provided a long-time client with cash flow that stabilized the company during the down turn. They company is now setting record sales and is back on top of its business.

Port Logistics Group

MARKET: USA
CHALLENGE:

600,000 SF deal with no competitive buildings.

RESULTS:

Created an extremely unique leverage point that resulted in a top 5% lease negotiation.

Stay Ahead with Industry Leading Research

Jul 18, 2022

Q2 2022 Puget Sound Industrial Market Report

In the face of swirling economic events, primarily record-level s of inflation, continued supply chain disruptions, and rising interest rates, which are meant to combat inflation, industrial market activity was not as robust as expected this quarter. Tenant demand has continued to be strong, but economic forces have delayed some decisions, encouraging users to proceed more cautiously than they have been for the last two years. Despite a temporary cooling of market activity, construction continues in anticipation of future demand. With 9.3 million sq uare feet being developed across the region, 61.2% of it, or 5. 7 million square feet, is in Northend and Kent Valley.
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Apr 15, 2022

Q1 2022 Puget Sound Industrial Market Report

Puget Sound’s industrial market is off to a strong start in 2022, despite confronting headwinds related to supply chain woes and an ever-dwindling supply of space for users. Over 2.0 million square feet of space was absorbed this quarter bringing vacancy down from 5.5% to 5.1%. The largest project currently under construction is Costco’s 1.1 million square foot build-to-suit in Tumwater. Since there is so little land to build new, functional warehouse properties closer to the population centers in Seattle and Bellevue, development south of Tacoma and even Olympia is taking off. Corresponding to increased competition for space, asking rents for warehouse/shell space reached $1.30 per square foot in Seattle Close-in, an 8.3% increase from last quarter.
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Jan 26, 2022

Q4 2021 Puget Sound Industrial Report

Unchanged from prior quarters, the main market driver is e-commerce and by extension, third-party logistics. For example, Smart Warehousing leased 168,000 square feet in Tarragon’s new SeaPORT Logistics Center in Sumner. Warehousing, fulfillment, and distribution will continue to dominate the industrial market after the pandemic resulted in a shift of consumers feeling more comfortable buying products online. Competing with Amazon’s industry leading delivery times has forced other companies to increase the number of warehouses near population centers in addition to having more products ready to ship, rather than relying on a distributed supply chain.
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