Colliers International's Bill Condon and Matt McGregor represent company in 17 acres land acquisition in Sumner, WA
SEATTLE – Real estate investment company Bertch Capital Partners recently purchased land totaling 17 useable acres in Sumner, WA. The company will develop two, Class A, state-of-the-art warehouses that will total over 200,000 square feet on the site. The warehouses are expected to be completed in 2019.
Colliers International’s Bill Condon and Matt McGregor acted as advisors to Bertch Capital in the acquisition process and negotiations, and will continue as owner’s agent once the buildings are completed.
Bertch Capital made this purchase for several reasons, with a focus on location. The property is in heart of one of the most dynamic industrial markets in the Puget Sound. Sumner is seeing strong tenant demand, especially for newer buildings that create an impressive company image. This environment has resulted in limited options and a very low vacancy rate in the city and across the Kent Valley.
“This project will be one of a kind in the marketplace,” according to Mr. Condon. “It will offer tenants the ability to lease a state-of-the-art building in a location that offers great proximity to Highway 167 and the Port of Tacoma with best-in-class views of Mt. Rainer.” The warehouses will provide tenants with a unique, campus-like setting, great functionality and flexible size ranges.
Another project Bertch Capital currently has underway is Seaway West, an industrial development located in the Seaway submarket of Everett.
About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 12,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors.
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Marketing & Research Director | Puget Sound
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