TransWest, the Seattle based corporate transportation leader, has executed a lease for 212,000 square feet of commercial property along First Ave South and the West Seattle Bridge in efforts to support their growing Pacific Northwest client base.
The lease at 60 S Spokane and 3411 1st Ave S will set a new highwater mark for industrial yard in Seattle, comprising of a 33,000 square foot office, training, and maintenance facility, and 174,000 square feet of yard space for their fleet.
“This first-class facility is intended to be our long term home in the Pacific Northwest that will allow us to serve and support our fast-growing operations and leading position within the Pacific Northwest,” shared Russell Nickel, TransWest CFO.
John Vernon of NAI represented TransWest while Evan Lugar of Kidder Mathews and Kevin Skillestad of Neil Walter Company represented REDCO Development. “We are very pleased with the final result” added Jason Freise of REDCO development “and want to give special thanks and recognize the collective efforts of TransWest, John, Evan and Kevin for such a successful outcome.”
This site along with other recent transactions closed just this last month with executed leases in escrow indicates REDCO’s commitment and strength in the Seattle SODO industrial market.
TransWest develops and delivers custom transportation services and off-site parking procurement and management solutions for some of the most innovative and demanding clients throughout North America.
REDCO Development (“REDCO”) is a 3rd generation real estate development company focused on the adaptive re-use and repositioning of commercial properties. REDCO concentrates primarily on value-add, infill opportunities and opportunistic development along the West Coast.