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SEATTLE-The property owner and developer is an affiliate of locally based First Western Development that recently acquired the 1.3-acre site for $2.6 million. One of the leasing brokers, Jeff Tillman of CB Richard Ellis, tells GlobeSt.com the building is already around 35% preleased.
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May 12, 2026
However, leasing dropped by eight percent.
May 12, 2026
Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
May 12, 2026
GlobeSt. will recognize those that drive the sector's performance as the 2026 Influencers in Industrial. Nominate a candidate before the submission deadline on May 27!