WOODINVILLE, Wash. (Jan. 3, 2019) – KBS, based in Newport Beach, California, announced today the signing of 35,800 square feet in leasing at The Park at Woodinville in Woodinville, Washington. Strasser Woodenworks, a producer and supplier of bathroom furniture and accessories including bathroom vanities, furniture, cabinets and more, renewed their lease at the property.
The Park at Woodinville, a five-building, Class A warehouse and light manufacturing infill project, is one of the largest industrial parks in the area. With 239,600 square feet of rentable space, the property accommodates a diverse array of tenants with different size requirements. Onsite amenities at The Park at Woodinville include an outdoor patio and café, in addition to loading docks.
Located in the northern portion of the eastside submarket, The Park at Woodinville is easily accessible by I-405, one of the region’s primary transportation corridors. The property is situated adjacent to one of the largest industrial winery locations of Washington state, allowing ample opportunities for wine tasting in the area. Tenants are also in close proximity to Rotary Park where they can enjoy walking along Little Bear Creek on Rotary Community Trail.
“The Park at Woodinville is a unique property, located in an area where tenants can make most of the town’s winemaking legacy,” said Clint Copulos, senior vice president for KBS and asset manager for the property. “We are happy to see a continued interest at the five-building property.”
Brent Jackson of JLL represented Strasser Woodenworks, LLP and Derek Heed and Gregg Riva of Colliers International represented KBS Realty Advisors in the transaction.
KBS is a private equity real estate company and an SEC-registered investment adviser. Founded in 1992 by Peter Bren and Chuck Schreiber, it is recognized as one of the largest commercial office owners globally. Since inception, KBS-affiliated companies have completed transactional activity in excess of $38 billion via 16 separate accounts and six commingled funds, for government and corporate pension funds. Additionally, KBS has sponsored five sovereign wealth funds and seven SEC-registered, non-traded REITs. For information, visit www.kbs.com.