KBS Inks, Renews Tenants at WA Industrial Park
- Feb 13, 2018
KBS Realty Advisors has closed three leases totaling 84,547 square feet at The Park in Woodinville, located at 14103 NE 200th St. in Woodinville, Wash.
Fluid power distribution company STS Operating Inc. signed an 11,295-square-foot lease, while provider of pressure valves to the oil industry SkoFlo Industries renewed its 37,451-square-foot lease at the asset. Strasser Woodenworks Inc., a bathroom vanities, furniture and accessories store, also renewed its lease and expanded it by 5,708 square feet.
“The amenities as well as the prime location provide an attractive offering to our long-standing tenants.” said Mark Brecheen, KBS senior vice president & asset manager for the property, in prepared remarks.
The property comprises five buildings totaling 239,607 square feet of Class A warehouse and light manufacturing space. KBS acquired the property in 2014 and made upgrades to the landscaping, added covered picnic table areas and benches throughout the park and put up new signage.
One of the largest industrial parks in Woodinville, the property is located 20 miles from Seattle and 15 miles from Bellevue. Tenants have easy access to State Route 522 and Interstate 405, as well as shopping, dining, farmers markets and seasonal music festivals in downtown Woodinville.
JLL’s Matt Bohner represented STS Operating Inc. and Brent Jackson and Daniel Seger represented Strasser Woodenworks. Eric Meussner of Broderick Group represented SkoFlo Industries and Derek Heed of Colliers International represented KBS in all three deals.
Last August, KBS Realty Advisors sold 625 Mt. Auburn, a 137,421-square-foot office property in Cambridge, Mass., to The Davis Cos.
Image courtesy of KBS Realty Advisors