Home Commercial Lift Partners Spends $22.33MM on Three Industrial Assets Seattle Region

Lift Partners Spends $22.33MM on Three Industrial Assets Seattle Region

Terreno Realty Corporation, Seattle, SoDo

San Francisco, CA. – Lift Partners, a San Francisco-based real estate investment firm, is pleased to announce the acquisition of 15036 NE 95th St in Redmond, WA, 18715 141st Ave NE in Woodinville, WA and 4809,4811-4813 Airport Way South in Seattle, WA. These acquisitions represent the first investments in Lift Real Estate Partners Fund II, LP and the first investments for Lift Partners in the Eastside of Seattle. 

  • 15036 NE 95th St – Redmond, WA: 28,952 SF industrial building acquired for $8M (just over $276 per square foot) that is 100% leased.
  • 18715 141st Ave NE  – Woodinville, WA: 48,069 SF industrial building acquired for $9.8M (just under $204 per square foot) that is 100% leased.
  • 4809, 4811-4813 Airport Way South – Seattle, WA: adjacent Lift owned asset 4901 Airport Way South property consists of 24,415 SF spread across two industrial buildings acquired for $4.53M (just over $185 per square foot) that is 100% leased.  

The Kidder Mathews team of Todd Gauthier and Jason Bloom brokered the Redmond and Woodinville acquisitions. 

About Lift Partners

Founded in January 2015, Lift Partners is a full-service real estate investment company focused on the adaptive re-use and repositioning of industrial and office properties along the West Coast. Lift provides asset management, leasing and construction management services for its investments on behalf of Lift Partners Fund I, a $102M discretionary fund, Lift Partners Fund II, a $152M discretionary fund and its joint-venture partners. Lift’s portfolio to date has included $5000M+ in value-add investments, $75M+ of construction projects and 1.5M+ SF of assets in the Bay Area, Seattle & Southern California. www.liftrp.com