B R I A N B R U I N I N K S, CCIM
Principal
Industrial, Office & Investment Properties
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THE ANDOVER
COMPANY, INC.
CORFAC INTERNATIONAL
700 Milwaukee Distribution Center Sold to Homecare Products
Brian Bruininks, CCIM and David Baumer of The Andover
Company represented the seller, TA Associates Realty, with the
disposition of 700 Milwaukee Distribution Center, a 109,475
square foot distribution center in Algona, Washington. Formerly
occupied by Shaw Industries, 700 Milwaukee Distribution is a
single tenant industrial building featuring dock high and grade
level loading, 24’ clear height and a secured truck court.
Homecare Products purchased the 700 Milwaukee building for
$8,000,000 to consolidate operations formerly located in Auburn,
Washington.
700 Milwaukee Avenue • Auburn, WA
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The Andover Company represented Favro Investments in the
acquisition of Federal Way Corporate Center, a 73,498 SF
industrial building in Federal Way, Washington, on April 30,
2008 for $7.4 million. Brian Bruininks, CCIM and Jeff Crane
represented the buyer in this transaction.
Federal Way Corporate Center was constructed in 2000 and
was 100% leased at the time of sale to four tenants.
Federal Way Corporate Center - SOLD
34210 9th Avenue S • Federal Way, WA
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Brian Bruininks, CCIM, and Jeff Crane of The Andover
Company are pleased to announce the sale of Clay Street
Business Park for $4,850,000.
Clay Street Business Park is a two-building, seven-tenant
industrial business park totaling 48,369 SF located in
Auburn, Washington.
Clay Street Business Park - SOLD
116 Clay Street NW • Auburn, WA
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TA Realty Associates Purchases Pacific Business Park in
Kent, WA, for $19,475,000. Brian Bruininks, CCIM, of The
Andover Company/CORFAC International represented TA with
the acquisition.
Pacific Business Park, a five-building project totaling 175,000
SF, was designed for small to medium-size tenants from
3,000 SF to 40,000 SF and features dock high and grade
level loading and convenient freeway access. Pacific
Business Park is located on the 50-yard line of the Kent
Valley with excellent frontage along 212th Street and
Highway 167.
TA Realty Associates Purchases Pacific Business Park in Kent
8605-8747 S. 212th Street • Kent, WA
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On behalf of Property Reserve, Inc., The Andover Company,
Inc. is pleased to announce that Encore Sales & Marketing
has leased 10,664 SF in Landing Center at Van Doren’s
Landing in Kent, Washington.
Brian Bruininks, CCIM, of The Andover Company, Inc./Corfac
International is the exclusive leasing agent for Landing Center
and represented the landlord in this transaction. Tony
Valentine of The Andover Company, Inc./Corfac International
represented Encore Sales & Marketing. Encore is relocating
their Seattle headquarters from Tukwila to Landing Center.
Encore Sales & Marketing Leases 10,664 SF at Landing Center in Kent
22407 68th Avenue S • Kent, WA
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On behalf of RREEF, The Andover Company, Inc./Corfac
International is pleased to announce that Venture Furniture
has leased 12,100 SF in Riverbend Commerce Center.
Brian Bruininks, CCIM, and Matt Arnoldy of The Andover
Company, Inc./Corfac International are the exclusive leasing
agents for Riverbend Commerce Center and represented
RREEF, the landlord, in this transaction.
Venture Furniture Leases 12,100 SF at Riverbend Commerce Center
8005 S 266th Street • Kent, WA
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On behalf of TA Associates Realty, The Andover Company,
Inc. is pleased to announce that Commercial Vehicle Group,
Inc. has leased 14,155 SF at Pacific Business Park in Kent,
Washington. Brian Bruininks, CCIM, and David Baumer
represented the landlord, TA Associates Realty, in this
transaction.
Commercial Vehicle Group, Inc. is a leading global supplier of
fully integrated cab-related system solutions for the global
commercial vehicle market, which includes the heavy-duty
truck market, the construction and agriculture markets and
the specialty and military transportation markets.
Commercial Vehicle Group, Inc. Signs Deal at Pacific Business Park
8605-8747 S 212th Street • Kent, WA
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On behalf of ING Clarion, The Andover Company, Inc. is
pleased to announce that Primus International, Inc. has
leased 130,398 SF in Algona II. Brian Bruininks, CCIM along
with Jeff Crane of The Andover Company are the exclusive
leasing agents for Algona I & II and represented ING Clarion,
the landlord in this transaction. This is the second transaction
in two months at Algona II, bringing the 266,104 SF building
to 100% occupied. Pioneer Human Services signed a lease
for 64,500 SF in December.
Primus International Inc. is a premier supplier of structural
components and assemblies to the commercial and military
aerospace industry. Primus was formed through the
integration of three of the highest performing suppliers in the
industry. These companies were honored on five occasions
with the Boeing Presidents Award, and as an integrated team
are now taking their performance to a higher level.
Primus International Signs 130,398 SF Deal at Algona II
701 Milwaukee Avenue N • Algona, WA
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On behalf of RREEF, The Andover Company, Inc. is pleased
to announce that AmSafe has leased 30,700 SF in Kent
West Corporate Park, Building B. Brian Bruininks, CCIM
along with David Baumer of The Andover Company are the
exclusive leasing agents for Kent West and represented
RREEF, the landlord in this transaction. This is the latest
transaction of four recent deals completed by the leasing
team within the park, totaling over 208,000 SF. Along with
the AmSafe deal, recent leases at Kent West include
119,610 SF to Graebel/Quality Movers; 47,000 SF to Forward
Air; and 11,000 SF to Firstech, LLC. The AmSafe deal brings
the 5 building, 402,000 SF industrial park to 100% occupied.
AmSafe is the world leader in safety & securement
equipment for the aerospace, defense, and ground
transportation industries. Products include seat belts,
restraints, airbags, cargo and barrier nets, camouflage, slings
including rotorcraft under slung, tie-downs, and cabin interior
textiles. Services include worldwide defense and commercial
aviation distribution. Nearly every commercial aircraft in the
world carries AmSafe products.
AmSafe Signs 30,700 SF Deal at Kent West Corporate Park
21929 67th Avenue S • Kent, WA
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On behalf of RREEF, The Andover Company, Inc. is pleased
to announce that Graebel/Quality Movers has leased 119,610
SF in Kent West Corporate Park, Building D. Brian
Bruininks, CCIM of The Andover Company is the exclusive
leasing agent for Kent West Corporate Park and represented
RREEF, the landlord in this transaction.
Graebel Companies, Inc. is the world’s largest privately
owned and managed relocation company, with its
headquarters in Denver, Colorado. Divisions include Graebel
Van Lines, Inc.; Graebel Movers, Inc.; Graebel Movers
International, Inc.; Move Management, Inc.; Graebel
Relocation Services Worldwide, Inc.; and Graebel
Commercial Services, Inc.
Graebel Companies Signs 119,610 SF Deal at Kent West Corporate Park
21929 67th Avenue S • Kent, WA
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We are also pleased to announce that Forward Air, Inc. has
leased the remaining 47,025 SF in Kent West Corporate
Park, Building D. Brian Bruininks also represented RREEF,
the landlord in this transaction.
Forward Air is a high-service-level contractor to the air cargo
industry providing time-definite ground transportation services
through a network of 81 terminals located on or near major
airports in the United States and Canada. The Company
provides these services as a cost-effective alternative to air
transportation of cargo that must be delivered at a specific
time but is relatively less time-sensitive than traditional air
freight or when air transportation is not economical.
Forward Air Signs 47,025 SF Deal at Kent West Corporate Park
21929 67th Avenue S • Kent, WA
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On behalf of ING Clarion Partners and Panattoni
Development, The Andover Company, Inc. is pleased to
announce that Corporate Express has signed a long term
lease for 168,000 square feet at Auburn North Distribution
Center.
Corporate Express Office Products, Inc. is one of the world's
largest business-to-business suppliers of essential office and
computer products and services with 2004 sales of
approximately $4.5 billion in North America. As one of the
world’s largest office product suppliers, Corporate Express is
committed to meeting the increasing demand of essential
office products within the Northwest region. In expanding to
Auburn North Distribution Center they will be able to continue
that commitment. Corporate Express Office Products, Inc. is
a wholly owned subsidiary of Buhrmann, NV, an international
business services and distribution group.
Corporate Express Signs 168,000 SF Deal at Auburn North Dist. Center
277th and Highway 167 • Auburn, WA
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A.H. Carter & Associates signed a 64 month lease for
133,215 square feet at 25612-25802 74th Avenue South in the
Valley Freeway Business Center.
A.H. Carter & Associates provides container storage and
shipping for customhouse brokers and foreign freight
forwarders. The tenant is currently occupying part of the
building as a subtenant and will become direct tenants of the
building as of January 1, 2006.
Matt Wood of GVA Kidder Mathews in Tukwila, WA
represented A.H. Carter & Associates. Brian Bruininks of
The Andover Company, Inc. in Tukwila, WA represented the
landlord, Calwest Industrial Properties.
A.H. Carter Signs 133,000 SF Deal at Valley Freeway Business Center
20664 84th Street S • Kent, WA
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Metropolitan Hardwood Floors Relocates To New Kent Distribution Facility
Metropolitan Hardwood Floors (US) will soon be relocating to
Cabot Properties’ Cabot @ 216 building in Kent, Washington,
consolidating two existing Kent locations into one centralized
distribution facility totaling 62,150 square feet. Brian Bruininks,
CCIM of The Andover Company, Inc./Corfac International
represented Metropolitan Hardwood Floors. Bruininks has
worked on Metropolitan’s behalf for the past 8+ years, including
multiple facility expansions, lease extensions and the
procurement of new facilities in the Denver, CO and Omaha, NB
markets. “Operational efficiencies and the reduction of facility
costs were the two main drivers in our decision to relocate,”
Bruininks said. “A softer leasing environment provided us with
the opportunity to negotiate favorable lease terms. In addition, a
more efficient layout at Cabot’s property allows Metropolitan to
shed about 12,000 square feet of warehouse space, further
reducing their operating expenses.”
Originally founded in 1992 in Vancouver, Canada, Metropolitan
Hardwood Floors distributes an exclusive selection of premium
quality prefinished hardwood floors to markets throughout
Canada and the western USA. In 1996, Metropolitan Hardwood
Floors (US), Inc. was formed to better serve customers in the US
markets. Metropolitan’s Kent, Washington facility serves as the
company’s US headquarters and comprises a sales and
distribution center, technical training center and product
showroom. Metropolitan distributes its products to hardwood
flooring dealers across the western US, including Alaska and
Hawaii. Two additional distribution centers are located in
Denver, Colorado and Omaha, Nebraska. Metropolitan’s
commercial design division specializes in providing hardwood
flooring solutions for the architecture and interior design
community.
8030 S 216th Street • Kent, WA
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700 Milwaukee Distribution Center Sold to Homecare Products
Brian Bruininks, CCIM and David Baumer of The Andover
Company represented the seller, TA Associates Realty, with the
disposition of 700 Milwaukee Distribution Center, a 109,475
square foot distribution center in Algona, Washington. Formerly
occupied by Shaw Industries, 700 Milwaukee Distribution is a
single tenant industrial building featuring dock high and grade
level loading, 24’ clear height and a secured truck court.
Homecare Products purchased the 700 Milwaukee building for
$8,000,000 to consolidate operations formerly located in Auburn,
Washington.
700 Milwaukee Avenue • Auburn, WA
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Pacific Cascade Leases Remaining 48,885 SF at Auburn Park 277
On behalf of Panattoni Development, The Andover Company,
Inc./CORFAC International is pleased to announce that Pacific
Cascade has leased the remaining 48,885 square feet at
Auburn Park 277. Auburn Park 277, a new high bay distribution
building totaling 141,970 square feet was completed by
Panattoni in June 2008. Pacific Cascade initially leased 50% of
the building. Brian Bruininks, CCIM and George Rockwell, SIOR
of The Andover Company, Inc./CORFAC International
represented Panattoni in this transaction.
4810 D Street NW • Auburn, WA
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Golden Viking Sports Leases 45,864 SF at Kent West Corporate Park
On behalf of RREEF, The Andover Company, Inc. is pleased to
announce that Golden Viking Sports has leased 45,864 SF in
Kent West Corporate Park, Building D. Brian Bruininks, CCIM of
The Andover Company is the exclusive leasing agent for Kent
West Corporate Park and represented RREEF/RPH Industrial,
the landlord, in this transaction.
Golden Viking Sports acquired the Diadora brand soccer license
for the U.S. in late 2009. Since 1983, Diadora has been
providing the U.S. soccer market with high-quality footwear,
apparel and gear. Golden Viking Sports acquired the license to
distribute Diadora brand products after the recent sale of
Italy-based Diadora S.p.A. to Italian holding company LIR.
21929 67th Avenue S • Kent, WA
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Kent West Corporate Park 100% Occupied
On behalf of DEXUS Property Group, The Andover Company/
CORFAC International is pleased to announce recently
completed leases totaling approximately 152,811 square feet at
Kent West Corporate Park. Leasing included lease renewals
with Graybar Electric and Forward Air and one new lease totaling
47,821 square feet to an undisclosed tenant. Kent West is
currently 100% occupied . Brian Bruininks, CCIM of The Andover
Company represented the landlord, DEXUS Property Group in
these transactions.
Brian Bruininks, CCIM and Dave Baumer represented landlord
Realty Associates Fund VIII to complete multiple leases totaling
24,838 square feet, including 17,838 to Kelley Imaging Systems,
4,000 square feet to Rolls Connection, and 3,000 square feet to
Victory Life at Pacific Business Park, located on S. 212th Street,
Kent, WA.
Brian Bruininks, CCIM and Dave Baumer Close Three Deals in Pacific BP
8605-8747 S. 212th Street • Kent, WA
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Jeff Crane, Joel Conner and Brian Bruininks, CCIM represented
landlord Favro Investments LLC in its renewal of 8,224 square
feet to Olympic Aerospace at Federal Way Corporate Center,
located at 34210 9th Avenue S, Suite 116, Federal Way, WA.
Jeff Crane, Joel Conner and Brian Bruininks, CCIM represented
landlord Leuzinger Family LLC in its lease of 7,253 square feet to
TLALOC, LLC at Clay Street Business Park, located at 116 Clay
Street NW, Auburn, WA.
Trophies2go.com Leases 9,700 SF at Black River Corporate Park
Olympic Aerospace Leases 8,224 SF at Federal Way Corporate Center
34210 9th Avenue S • Federal Way, WA
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TLALOC, LLC Leases 7,253 SF at Clay Street Business Park
116 Clay Street NW • Auburn, WA
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Direct 206.336.5324 Cell 206.856.6249 Email Brian 415 Baker Blvd, Ste 200, Tukwila, WA 98188
The Andover Company Closes $6.5 Million Industrial Building Sale
Brian Bruininks, CCIM and Brian Dennehy represented
Cabot Industrial Fund III in the acquisition of an 86,675
square foot industrial building located at 1516 Fryar
Avenue, Sumner, WA. The purchase price was $6.5 million.
The Andover Company Closes 15 Deals Covering Over 123,000 Square Feet
Click here to read the full press release.
• Brian Bruininks, CCIM and Dave Baumer represented lessor Realty Associates Fund VIII in their
lease with lessee NW Auto for 4,000 square feet of industrial space at Pacific Business Park, located at
8627 S. 212th Street, Kent, WA.
• Brian Bruininks, CCIM and Dave Baumer represented lessor Realty Associates Fund VIII in their
lease with lessee Ames Tools for 4,000 square feet of industrial space at Pacific Business Park, located
at 8613 S. 212th Street, Kent, WA.
• Sean Durkin and Brian Bruininks, CCIM represented lessee Diamond Freight Systems, Inc in their
lease with lessor LIT Finance, LLC for 2,880 square feet of industrial space at SeaTac Industrial Park,
located at 19024 13th Place S., SeaTac, WA.
• Brian Bruininks represented lessor Emutt Holdings LLC in their lease to lessee Ecco Design for
1,067 square feet of industrial space at Emutt Holdings Building, located at 203 N. 36th Street, Suite 203,
Seattle, WA.
The Andover Company Closes $10.46M Property Sale in Kent
California-based Orchard Partners LLC and Morgan Stanley Real Estate Investing paid Sciola Family
Properties $10.46 million for the Creekside Distribution Center in Kent.
Dave Baumer, Brian Bruininks, CCIM, and George Rockwell, SIOR of the Andover Co. handled the
transaction for the parties.
To read the full article, click here.
The Andover Company Closes 22 Deals Covering Over 248,634 Square Feet
Click here to read the full press release.
Included in the deal summary, Brian Bruininks, CCIM completed six of these leases totaling 126,377
square feet.
“We saw an uptick in activity in December, which is somewhat unusual going into the holidays. I think the
majority of the users that had new deals or renewals in play wanted to finalize agreements prior to the
holiday break,” Bruininks said. “We expect industrial market activity in to improve 2012, albeit slowly.
Certain market segments should lead the way, especially industrial properties that cater to the aerospace
industry. General industrial properties may find it slower going because job growth and consumer
spending have been relatively flat. Approximately 75-80% of the Kent Valley industrial market is tied to the
general distribution and industrial service sectors. Until we see a sustainable trend in job growth and
consumer spending, most general industrial users will continue to be conservative in their facility
planning for 2012 and 2013.”