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Voltage Park selects Centeris Data Centers for its Massive New Cloud for AI Development
Voltage Park, a next generation cloud provider for AI, has chosen Centeris Data Centers for one of its primary facilities as it launches globally. With approximately 24,000 NVIDIA H100 GPUs, Voltage Park’s cloud is one of the most powerful collections of cutting-edge machine learning compute in the world.
SEATTTLE, WA, January 17, 2024 – Voltage Park, a next generation cloud provider for AI, has chosen Centeris Data Centers for one of its primary facilities as it launches globally. With approximately 24,000 NVIDIA H100 GPUs, Voltage Park’s cloud is one of the most powerful collections of cutting-edge machine learning compute in the world.
Voltage Park’s mission is to make machine learning infrastructure accessible to all, from large enterprises and research universities, to seed-stage startups and nonprofits.
“We had a specific set of criteria that we were looking for in a partner facility we’ve found Centeris to be an excellent fit,” said Voltage Park CEO, Eric Park. “We’re looking forward to working closely with The Benaroya Company as we grow and further our mission.”
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Washington provides sales tax exemption for urban data centers
The Washington Department of Revenue released a notice providing that effective June 9, 2022, qualifying businesses and tenants may apply for a sales and use tax exemption for purchases of server equipment and infrastructure for computer data centers located in urban areas pursuant to 2022 House Bill 1846.
The Washington Department of Revenue released a notice providing that effective June 9, 2022, qualifying businesses and tenants may apply for a sales and use tax exemption for purchases of server equipment and infrastructure for computer data centers located in urban areas pursuant to 2022 House Bill 1846. Eligible urban areas are those counties with population greater than 800,000, which includes King, Pierce, and Snohomish counties. Eligible computer data centers must have at least 20,000 square feet dedicated to working servers. In the first calendar year, the Department will review applications on a first-come first-served basis, and approve only six applications.
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Builders Capital Announces Move to South Hill Business + Technology Center
Builders Capital, a leading private money lender that specializes in funding residential construction projects, announced plans to relocate its corporate headquarters from Seattle, WA, to Benaroya Company’s South Hill Business + Technology Center in Puyallup, WA. The move to a larger office space is necessitated by Builders Capital's expanding national footprint, now operating in 45 states. Builders Capital will be occupying 20,332 Square Feet of Class A office space by early 2022. The new West building space provides the latest in connectivity and infrastructure, earning a USBGC LEED Silver Certification.
Seattle, WA (August 16, 2021) – Builders Capital, a leading private money lender that specializes in funding residential construction projects, announced plans to relocate its corporate headquarters from Seattle, WA, to Benaroya Company’s South Hill Business + Technology Center in Puyallup, WA. The move to a larger office space is necessitated by Builders Capital's expanding national footprint, now operating in 45 states.
Builders Capital will be occupying 20,332 Square Feet of Class A office space by early 2022. The new West building space provides the latest in connectivity and infrastructure, earning a USBGC LEED Silver Certification. Embedded in a park-like setting with abundant amenities, the new office space will be home to more than 130 local employees and support additional employees nationwide.
“We are excited to make Puyallup the home for our continued growth. Surrounded by regional builders and banks alike, Puyallup is an ideal area to source the top talent we require to support our borrowers with best-in-class service wherever they are located,” says Chief Operating Officer Beth Glein.
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Benaroya’s Winlock Development Poised to Drive Lewis County Growth
A drive down Interstate 5 just before the Winlock exit is an eye opener. A massive building is quickly rising as seen from the interstate — the largest construction building ever completed in Lewis County. The site will be a regional bulk distribution center for Lowe’s Home Improvement, serving more than 60 stores in Washington, Oregon, Idaho, Montana and Alaska. The center will provide daily shipments of large appliances and items, from refrigerators to riding lawnmowers to patio furniture. Located just adjacent to I-5, The Benaroya Company’s Winlock project is about eight months away from completing the largest industrial building — 1.2 million square feet — in Washington state for 2021.
A drive down Interstate 5 just before the Winlock exit is an eye opener. A massive building is quickly rising as seen from the interstate — the largest construction building ever completed in Lewis County. The site will be a regional bulk distribution center for Lowe’s Home Improvement, serving more than 60 stores in Washington, Oregon, Idaho, Montana and Alaska. The center will provide daily shipments of large appliances and items, from refrigerators to riding lawnmowers to patio furniture. Located just adjacent to I-5, The Benaroya Company’s Winlock project is about eight months away from completing the largest industrial building — 1.2 million square feet — in Washington state for 2021.
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Here's what Lowe's will do with its massive distribution center in Lewis County
Lowe's Home Improvement on Tuesday confirmed it will use a 1.2 million-square-foot distribution center under construction in Winlock in Lewis County. The October lease was the market's largest industrial lease of 2020, so curiosity was high. A Lowe's spokesperson says the building at Benaroya Pacific Northwest Regional Logistics Center will serve as a bulk distribution center, providing daily shipments of appliances and other bulky items, such as riding mowers, grills and patio furniture, to Lowe’s cross-dock facilities for last-mile delivery to customers.
Lowe's Home Improvement on Tuesday confirmed it will use a 1.2 million-square-foot distribution center under construction in Winlock in Lewis County. The October lease was the market's largest industrial lease of 2020, so curiosity was high. A Lowe's spokesperson says the building at Benaroya Pacific Northwest Regional Logistics Center will serve as a bulk distribution center, providing daily shipments of appliances and other bulky items, such as riding mowers, grills and patio furniture, to Lowe’s cross-dock facilities for last-mile delivery to customers.
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Buyers Pay 10.3M for Eastlake Restaurant with Apartments Likely
The Eastlake Bar & Grill property, at 2947 Eastlake Ave. E., has sold for a little over $10.3 million. King County recorded the sale earlier this week. The buyer was an LLC related to Daly Partners. Public records indicate a $7.5 million acquisition loan from Benaroya Holdings.
The Eastlake Bar & Grill property, at 2947 Eastlake Ave. E., has sold for a little over $10.3 million. King County recorded the sale earlier this week. The buyer was an LLC related to Daly Partners. Public records indicate a $7.5 million acquisition loan from Benaroya Holdings.
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Centralia DC (UNFI Pacific Northwest Distribution Center) and NEXUS win 2020 NAIOP Night of the Stars Awards
We are pleased to announce that two projects we provided financing for--Centralia DC (UNFI Pacific Northwest Distribution Center) and NEXUS won 2020 NAIOP Night of the Stars Awards.
We are pleased to announce that two projects we provided financing for--Centralia DC (UNFI Pacific Northwest Distribution Center) and NEXUS won 2020 NAIOP Night of the Stars Awards. Congratulations to both teams involved with these successful developments!
Centralia DC Awarded Industrial Build-to-Suit Development of the Year - We provided the financing for O’Keefe Development’s acquisition of our 77-acre shovel ready site in Centralia and the necessary construction financing for O’Keefe Development’s build-to-suit of the new 1.15 million square foot state-of-the-art UNFI Pacific Northwest Distribution Center.
NEXUS Awarded High-Rise Residential Development of the Year We provided the short-term financing during the entitlement process to Vancouver BC’s Burrard Development’s construction of NEXUS - a 40 story condominium high rise in Seattle’s Denny Triangle.
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Innovation Realty Partners Engages Eastdil Secured to Conduct Homebuilder Search for 88-Acre Project in Sammamish
As Innovation Realty Partners moves toward approval of the first phase of the 88-acre mixed-use Sammamish Town Center, the developer announced it has retained Eastdil Secured, the premier private real estate investment banking company, to seek commercial developers and residential builders for future phases to either form a joint venture partnership or to purchase land zoned for residential development. Phase 1 includes 10 single family detached homes, 90 single family attached townhomes, 300 apartment units, and 82,000 square feet of retail and restaurant space.
As Innovation Realty Partners moves toward approval of the first phase of the 88-acre mixed-use Sammamish Town Center, the developer announced it has retained Eastdil Secured, the premier private real estate investment banking company, to seek commercial developers and residential builders for future phases to either form a joint venture partnership or to purchase land zoned for residential development. Phase 1 includes 10 single family detached homes, 90 single family attached townhomes, 300 apartment units, and 82,000 square feet of retail and restaurant space.
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O’Keefe Development Sells Centralia Distribution Center for $195MM
Newmark Knight Frank (NKF) has announced the sale of a newly-constructed 1.15-million-square-foot food grade industrial dry warehouse and cooler/freezer distribution facility located at 4002 Galvin Road in Centralia, WA. The UNFI Distribution Center represents the culmination of a unique partnership between the owner/developer (O’Keefe), the original landowner and project lender, (Benaroya Capital Company and Benaroya Holdings), UNFI, the Port of Centralia, and the City of Centralia.
Newmark Knight Frank (NKF) has announced the sale of a newly-constructed 1.15-million-square-foot food grade industrial dry warehouse and cooler/freezer distribution facility located at 4002 Galvin Road in Centralia, WA. The UNFI Distribution Center represents the culmination of a unique partnership between the owner/developer (O’Keefe), the original landowner and project lender, (Benaroya Capital Company and Benaroya Holdings), UNFI, the Port of Centralia, and the City of Centralia.
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Seattle Industrial Market Primed to Excel Through 2020
The Puget Sound region’s industrial market has been awash in superlatives for several years. Eighteen months ago, the region had the world’s steepest rent increases, according to CBRE. Six months after that, the Des Moines submarket saw record pre-leasing, rival Colliers International reported. In Lewis County at the Port of Centralia, wholesaler United Natural Foods Inc. leased a 1.2 million-square-foot distribution center that opened this month.
The Puget Sound region’s industrial market has been awash in superlatives for several years. Eighteen months ago, the region had the world’s steepest rent increases, according to CBRE. Six months after that, the Des Moines submarket saw record pre-leasing, rival Colliers International reported. In Lewis County at the Port of Centralia, wholesaler United Natural Foods Inc. leased a 1.2 million-square-foot distribution center that opened this month.
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Centeris Data Centers: Leading Data Center Revolution 4.0
CIO Magazine’s 20 Most Promising Data Center Solution Providers for 2019. Centeris Data Centers is leading the transformation with mission critical infrastructure and revolutionary cabinet technology allowing enterprises of all sizes to cost effectively power AI and other compute-intensive applications without the associated hardware previously required.
CIO Magazine’s 20 Most Promising Data Center Solution Providers for 2019. Centeris Data Centers is leading the transformation with mission critical infrastructure and revolutionary cabinet technology allowing enterprises of all sizes to cost effectively power AI and other compute-intensive applications without the associated hardware previously required.
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Centeris Seattle and ScaleMatrix Announce the Opening of First-of-its-Kind Data Center in the Pacific Northwest
ScaleMatrix, the United States’ leading provider of variable and high-density colocation facilities, announced the opening of its new Seattle facility in partnership with Centeris, a leading data center provider in the Pacific Northwest. Enterprises will get the first chance to see the new, cutting-edge technology on March 14th at an exclusive launch event.
ScaleMatrix, the United States’ leading provider of variable and high-density colocation facilities, announced the opening of its new Seattle facility in partnership with Centeris, a leading data center provider in the Pacific Northwest. Enterprises will get the first chance to see the new, cutting-edge technology on March 14th at an exclusive launch event.
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UNFI to Optimize Pacific Northwest Distribution Network
UNFI announced plans to optimize its distribution center network in the Pacific Northwest, including consolidating five distribution centers into a new 1.2 million square foot facility at our 77-acre site in Centralia, WA. O’Keefe Development is the developer of the new state-of the-art facility with construction financing provided by The Benaroya Company, and will enhance UNFI’s product offering and improve inventory management.
UNFI announced plans to optimize its distribution center network in the Pacific Northwest, including consolidating five distribution centers into a new 1.2 million square foot facility at our 77-acre site in Centralia, WA. O’Keefe Development is the developer of the new state-of the-art facility with construction financing provided by The Benaroya Company, and will enhance UNFI’s product offering and improve inventory management.
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Continuing a Legacy: Rebecca Benaroya Donates a Valuable Collection
At age 96, Rebecca Benaroya reflects on the journey of her family’s art collection, which was recently donated to the Tacoma Art Museum. The Benaroya Collection has been hailed as one of the most prestigious private collections of glass art in the U.S. The new Benaroya Wing opened in January, 2019 and positions the Tacoma Art Museum as one of the top five collections of studio glass in the country.
At age 96, Rebecca Benaroya reflects on the journey of her family’s art collection, which was recently donated to the Tacoma Art Museum. The Benaroya Collection has been hailed as one of the most prestigious private collections of glass art in the U.S. The new Benaroya Wing opened in January, 2019 and positions the Tacoma Art Museum as one of the top five collections of studio glass in the country.
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Highline College opens new Campus View Student Housing
The Benaroya Company provided short-term financing to Highline Place, LLC for construction of Campus View in partnership with Highline College Foundation which has a long-term lease. Campus View is open to all students the college serves including international and domestic. It is located adjacent to the Highline College Campus and features 160-bed, 44 state-of-the-art college 2- and 4- bedroom units complete with furniture on 4 floors, and over 12,000 square feet of ground floor retail space and Highline College office space.
Highline College opens new Campus View Student Housing. The Benaroya Company provided short-term financing to Highline Place, LLC for construction of Campus View in partnership with Highline College Foundation which has a long-term lease. Campus View is open to all students the college serves including international and domestic. It is located adjacent to the Highline College Campus and features 160-bed, 44 state-of-the-art college 2- and 4- bedroom units complete with furniture on 4 floors, and over 12,000 square feet of ground floor retail space and Highline College office space.
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Benaroya’s 320-Acre Industrial Site in Winlock Ready for Development
The Benaroya Pacific Northwest Regional Logistics Center with SEPA completed and with fast access to the I-5 North and South freeway interchange. It is one of the last large entitled sites available along Interstate 5 between Los Angeles and Vancouver, BC enabling potential development of up to 5 million square feet of state-of-the-art buildings in a variety of configurations.
The Benaroya Pacific Northwest Regional Logistics Center with SEPA completed and with fast access to the I-5 North and South freeway interchange. It is one of the last large entitled sites available along Interstate 5 between Los Angeles and Vancouver, BC enabling potential development of up to 5 million square feet of state-of-the-art buildings in a variety of configurations.
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Centeris Seattle SH1 Data Center Adds 2 Megawatts in Power
Centeris Seattle SH1 Data Center Adds 2 Megawatts in Power Capacity for High Density Clients. The new expansion is designed to support power densities of 21 KW to 52 KW per cabinet.
Centeris Seattle SH1 Data Center Adds 2 Megawatts in Power Capacity for High Density Clients. The new expansion is designed to support power densities of 21 KW to 52 KW per cabinet.
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Innovation Realty Partners Secures $30MM Financing from The Benaroya Company for Sammamish Town Center
Innovation Realty Partners, LLC has secured $30 million in financing from The Benaroya Company to facilitate its continued assemblage of land located within the Sammamish Town Center district in Sammamish, Washington.
Innovation Realty Partners, LLC has secured $30 million in financing from The Benaroya Company to facilitate its continued assemblage of land located within the Sammamish Town Center district in Sammamish, Washington.
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Highlights from the Rebecca and Jack Benaroya Collection
“The Beauty of a Shared Passion” on view at Tacoma Art Museum
This preview exhibition unveils 65 major works of art from the Rebecca and Jack Benaroya Collection that are among 225 works along with $14 million included in a promised gift to the museum, announced earlier this year on Mrs. Benaroya’s 93rd birthday.
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Centeris - Wave Partnership
Nation's 1st Transpacific Data/Fiber Hub launched at our Centeris Seattle data center campus
As American technology companies expand their business in Asian markets, and as their Asian counterparts tackle markets in the US, demand for high-speed connectivity across the Pacific is skyrocketing. A data center campus was launched in the Seattle area to take advantage of that demand. The company behind it is Centeris ...
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Winlock Approves 322-Acre Industrial Park
Winlock City Council unanimously approved site plan for a proposed industrial park
Winlock City Council unanimously approved a site plan and environmental conditions for a proposed Winlock Industrial Park, an important step in freeing up the 322-acre site for developing 10 warehouse-type buildings.
The land, owned by Bellevue-based Benaroya Co., is land that was cleared several ago between Military Road and Interstate 5.
The site plan includes 17 recommended environmental requirements, which should fast track business when companies begin to apply to settle at the site, former Winlock Mayor Glen Cook said.
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Centeris Partners with Comcast Business Services
High Capacity Deployment to Benefit Both Companies' Customers
Centeris, a leading infrastructure provider for cloud and enterprise mission-critical IT, announced today that it has partnered with Comcast Business, a global media and technology company, to provide direct access to Comcast's high performance network.
The new relationship allows both Centeris, which operates the most secure, efficient and resilient data center campus in the Pacific Northwest, and Comcast Business Services to offer a set of solutions designed for today’s IT infrastructure requirements.
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Economic Development Board Excellent 10 Awards
Three Benaroya projects recognized by Tacoma-Pierce County's EDB
This year's Excellent 10 Awards - projects selected by the EDB for their positive impact on the Pierce County economy in the previous year - are responsible for millions of dollars of capital investment and thousands of jobs.
The winners are: State Farm, BNY Mellon, Niagara Bottling, Western Institutional Review Board, University Place Town Center, Sumner Distribution Warehouse, Tehaleh Community, TriWest Healthcare Alliance, Point Ruston Condominiums, and the new Holiday Inn Express in Tacoma.
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Work starts with ceremony for new Snoqualmie Valley Hospital
Mary Selecky, former Washington State Secretary of Health, gives the keynote address
Mary Selecky, former Washington State Secretary of Health, gives the keynote address at the Sept. 25 groundbreaking of construction for the new Snoqualmie Valley Hospital, on Snoqualmie Ridge. Larry Benaroya, Manager of The Benaroya Companies, the hospital developer, sits next to the podium.
Snoqualmie Valley city leaders, business representatives and residents attended a groundbreaking ceremony for the new District 4 hospital on Wednesday, Sept. 25.
More than 125 people attended the ceremony, which marked the beginning of construction for the building.
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Industrial is Buzzing
Industrial Market is Buzzing – Even for Spec
It seems new industrial projects are popping up all over the region, almost on a daily basis. Panattoni Development Co. has made headlines with projects in Sumner, Des Moines, South Seattle and the Kent Valley, but others also are planning and completing projects in the region.
Even DuPont is getting in on the action.
Full Article (PDF) >
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1st LEED for Healthcare
First LEED for Healthcare Certification in the Country Complete
Group Health Cooperative’s new medical office building in Puyallup, became the first in the nation to earn a rating under LEED-HC, earning LEED Gold. The project leveraged the unique credits related to medical facilities to promote both building performance and features to improve occupant health and well-being.
The agreements among the team members, including The Benaroya Company (developer), Collins Woerman (architect), GLY (contractor), University Mechanical, Pacland (civil, landscape), Pivotal Lighting, and Engineering Economics Inc. (commissioning authority), were based on performance targets for the whole project, which made for an engaged and focused team.
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Group Health Prototype
Medical Center a prototype for Group Health Clinics
Having blood work done at a doctor's office is no fun, but at the recently opened Group Health Puyallup Medical Center it should be more convenient.
A care provider uses radio frequency devices to signal lab and injection services to come to a patient's exam room so they don't have to go to the lab.
It's one of the features of the approximately 50,000-square-foot building at 1007 39th Ave. S.E. in Puyallup whose design was tested by patients and providers in a full-scale cardboard mock-up.
Full Article (PDF)
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Jack Benaroya Memorial
Hundreds Attend a Memorial Service for Jack Benaroya
Members of the community turned out by the hundreds, enough to nearly fill the main floor of Seattle’s Benaroya Hall, known fondly as “the house that Jack built.”
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Marvell Selects SHDC
Marvell Moves into Benaroya's South Hill Data Center in the Seattle Area
Semiconductor designer Marvell has taken space at Benaroya's recently finished South Hill data center campus in Puyallup, Washington (south of Seattle).
This is the first publicly disclosed tenant at the facility, completed in July. The companies did not specify how much space or power Marvell contracted for, but said the tenant would use it to house both active and disaster-recovery infrastructure.
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7 x 24: New Data Center
A New Data Center That Will Hit Your Sweet Spot
The decision to buy, build or lease a data center is a daunting challenge that requires a unique combination of financial, IT and real estate skills and resources. You always begin by looking hard for fatal flaws. A lack of reasonably priced power, adequate water supply, or quality fiber provider should disqualify a potential data center or data center site from consideration.
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SHDC Earns LEED Gold
South Hill Data Center Earns LEED Gold
The newly completed South Hill North Data Center in Puyallup, Washington has earned Gold-level certification under the LEED ( Leadership in Energy and Environmental Design) program for energy efficient buildings, the project’s developer said this week. The Benaroya Company developed the South Hill facility, which features 56,605 square feet of raised floor space and electricity powered by hydroelectric and wind sources.
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SHDC Wins NAIOP Award
Data Center Offers Sustainable Power, Wins Award
The Seattle area's new high-capacity next generation South Hill North Data Center in Puyallup, Wash., has received the Technology Development of the year Award from NAIOP, the Commercial Real Estate Development Assn. The Benaroya Co., which developed and owns the facility, was presented the award at the industry's Washington Chapter Night of the Stars Gala on Nov. 5. South Hill Data Center was recognized for excellence in its outstanding design, quality product, sustainability, and other market criteria. Other technology properties nominated included Microsoft's Studios West Campus.
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New Seattle Data Center
New Seattle-Area Data Center to Bring Much-Needed Computing Capacity to the Market
Pent-up global demand for massive cloud-computing speed and capacity is powering the construction of colossal new data centers, but most are a year or more away from being operational. South Hill Business and Technology Center, a project of The Benaroya Company along with its hand-picked team of gold-standard experts, is in the final stages of commissioning and will be fully operational and ready for occupancy in the next two weeks.
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New Tech Park Announced
Benaroya turns Puyallup chip plant into tech park
Seattle-based Benaroya Cos. has become something of an expert in finding new purposes for the vacant microchip manufacturing plants sprinkled across the Northwest.
After selling plants in Idaho and Oregon to a school district and a German solar panel maker, Benaroya is now sprucing up a Puyallup plant that's been vacant for nearly a decade. The project is of keen interest to the city of Puyallup, which is hoping Benaroya will be able to bring in new businesses that will provide the city with more jobs and tax revenue.
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New Med Center Design
How Group Health designed new Puyallup building
When Group Health Executives set about designing a new building for their Puyallup facility, they did something they had never done before. They decided to develop in advance a prototype of what an efficient and effective medical facility should look like to meet today's medical needs using lean methodologies.
To find out what those needs would be, they leased space in a warehouse and fitted it out with easily movable furniture, mockups of medical equipment, and cardboard walls.
Full Articles (PDF)
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Puyallup Leads LEED
Puyallup Leads in LEED Development Projects
“The major institutions in the community reflect the desire of the citizens we serve to do better, and set good examples and show people it can be done,” Puyallup City Manager Gary McLean, said. “There are good choices you can make for the environment and you can do them economically.”
The city is not requiring businesses to get LEED certified or use green products, however, it is just encourages them through its own practices and creation of a $40 million city hall that has a high environment-friendly, LEED Gold rating.
Full Article (PDF)
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New Group Health Center
Group Health Breaks Ground on New Medical Center at Benaroya's South Hill Business and Technology Center Revolutionary Designed Facility Will Be First Of Its Kind In U.S.
The Benaroya Company announced today construction will begin by November 1st on Group Health Cooperative's new Puyallup Medical Center at its South Hill Business and Technology Center. The facility is being designed and built by Seattle-based CollinsWoerman and GLY Construction in close collaboration with Group Health.
Full Article (PDF)
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Puyallup Receives Grant
City of Puyallup Excited to Receive Lift Grant
Earlier this week, the City of Puyallup was humbled and excited to receive wonderful news from the state’s Community Economic Revitalization Board (CERB).
After a lengthy and very competitive process, CERB decided to award a local infrastructure funding grant (LIFT) to the City of Puyallup, amounting to $1 million per year for 25 years. The award is based on a plan to connect Puyallup’s two job centers – South Hill and Downtown Puyallup – with improved transit connection options, trail system improvements, telecommunication/fiber-optic upgrades, and other infrastructure items– all in an effort to create jobs within the City.
Full Article (PDF)
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Westwood Shipping Moves
Westwood Shipping Lines Moving New Corporate Headquarters to South Hill Business and Technology Center
Another Weyerhaeuser subsidiary has been sold, and this time Puyallup landed the new corporate headquarters.
Westwood Shipping Lines, part of Federal Way’s Weyerhaeuser for more than 100 years, will be owned by Japan’s J-WesCo, effective Aug. 31. J-WesCo is a holding company formed by a consortium of Japanese stevedore companies, Westwood said in a Web posting last month announcing the sale.
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Parametrix Relocates
Parametrix Moving to South Hill Business and Technology Center
Parametrix announced today it will relocate the employee-owners from the Sumner offices to the South Hill Business and Technology Center in Puyallup.
Parametrix will occupy 37,000 square feet in the West building. The Benaroya Company is finishing a complete renovation of the building and is targeting LEED Gold certification. The move is scheduled for December 2010, and will be home to more than 110 Parametrix employee-owners. Parametrix will be moving from two separate buildings in downtown Sumner. “Our Sumner offices have almost doubled over the past decade, and we are eager to bring our team back together in one building and have space for growth,” said Office Principal, Dan McReynolds.
Full Article (PDF)
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Larry Benaroya Inducted
Larry Benaroya Inducted into Commercial Real Estate Hall of Fame
On November 6th, 2009, at its annual Night of the Stars Dinner, commercial real estate executive Larry Benaroya was inducted into the highly distinguished NAIOP-Washington State Hall of Fame. Larry was honored for his longtime contribution of vision, leadership and achievement in the Pacific Northwest commercial real estate industry.
The Commercial Real Estate Hall of Fame was created over a decade ago to recognize the people who laid the groundwork for the industry today and have helped shaped the character of the region and the great cities in Washington. Larry’s father, Jack Benaroya was among the first inductees, receiving this prestigious award in 1995.
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Everett Campus Acquired
Benaroya Company Acquires Park Place Office Complex in Everett
The Benaroya Company announced today the acquisition of Park Place Plaza, a seven building office park in Everett, Washington located at 111 S.E. Everett Mall Way, from Winward Shopping Center, a Hawaii General Partnership.
The buildings total 37,104 square feet and Benaroya plans to market the property as seven separate parcels for sale to individual owners. “We are delighted to have acquired this wonderful and unique office park,” said Larry Benaroya, principal, The Benaroya Company. “This is truly a great opportunity for businesses to own a 5,000 +/- square foot office building and control their operating costs into the future. The location and proximity to the burgeoning amenities in Everett really has great appeal.”
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4 Towers Fetch $345M
4 Towers Fetch $345 Million
A Chicago investment firm yesterday completed the year's biggest buy in the Seattle real-estate market, paying $345 million for four downtown office towers located on the west side of Interstate 5.
Walton Street Capital, which has been busy investing $1.8 billion raised from pension funds and other institutions, bought the three-building Metropolitan Park complex, built in the '90s, and the older Park Place building.
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