Assignment
Pacific Real Estate Partners, Inc. was hired by Rockwood Capital and Intracorp to sell a 763,000 SF seven-building office complex in Kent, Washington. The project was 100% vacant when Rockwood Capital / Intracorp purchased the project. Pacific Real Estate Partners, Inc. was originally hired to lease the project in a four year period which was successfully accomplished.
Objective
Achieve the highest possible sales price |
Results
Generated numerous offers in a declining market for Phase I and sold 3 buildings of the 7 building project for $30,432,000 in 2001.
Generated numerous offers with 33% vacancy for Phase II and sold the remaining 4 buildings for $54,193,760 in 2003.
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