SEATTLE-Fisher Properties Inc. has sold Fisher Commerce Center in Kent, Wash. to Davis Property and Investment for $9.2 million, according to parties involved in the deal.

Fisher announced its intention to sell real estate assets in November 2001, saying it wanted to focus exclusively on its broadcasting and media business and pay down debt. In September, Fisher Properties concluded the sale of its 1232, 1264, 1500 and 1530 Westlake Ave. N buildings along Lake Union.

Fisher Commerce Center is the first of three local industrial properties Fisher put up for sale. The sales of Fisher Industrial Park and Fisher Industrial Technology Center have not yet been completed. The properties were originally offered up as a package.

Jim Honan of Sound Commercial Partners represented Davis Property and Investment in the Fisher Commerce Center transaction. Honan tells that his client was interested only in Fisher Commerce Center because it fit their deal parameters best and was the better of the three with regard to location and mix of flex and distribution.

“Although we had begun considering the sale of our real estate portfolio in late 2001, market conditions were less than ideal,” Fisher President and CEO William W. Krippaehne Jr. said in July, when the sale agreements were initially signed for the Westlake properties. “Consequently, we are pursuing the sale of individual properties as opportunities arise… .”

The lone property Fisher is retaining is Fisher Plaza, the first phase of which was completed in mid-2000 and houses a variety of complementary information technology providers and related ventures, as well as Fisher-owned KOMO TV and media businesses. The second phase, which involves an adjacent 100,000 sf high tech facility, was scheduled for completion this year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.