June 05, 2017 09:00 AM Eastern Daylight Time

Lake Washington Partners Announces the Completion of the Expansion to the Coldwater Depot Logistics Center in Avondale, Arizona

The expansion gives the prime, 54-acre, industrial zone site a 175,000-square-foot vacancy that is now available for lease

SEATTLE -- (BUSINESS WIRE) -- Lake Washington Partners, LLC, a Seattle-area commercial real estate firm, today announced the completion of a 427,000-square-foot expansion to the Coldwater Depot Logistics Center in Avondale, Arizona.

Located at 1100 North 127th Avenue in Avondale, the 54-acre site now accommodates one million square feet of cross-dock distribution/warehouse space, strategically located southwest of Phoenix. One hundred and seventy-five thousand square feet of the 427,000 expanded distribution/warehouse space is still available for lease and will be featured at a brokers open house on Tuesday, June 6th, from 8:00 a.m. to 10:00 a.m.

“At Lake Washington Partners, we pride ourselves on developing quality buildings that we will own long term. We’re excited to showcase the second phase of this expansion project. Coldwater Depot is a Class-A building with great access to I-10 and the west Phoenix area,” said Jordan Lott, President of Lake Washington Partners.

The facility was the recipient of the 2016 TOBY Building Award for Industrial Office Parks. Lake Washington Partners will manage the property through its management division, and Daniel Calihan, Senior Vice President with the Phoenix office of CBRE, is currently marketing the space.

“We are thrilled Lake Washington Partners has chosen to expand the Coldwater Depot Logistics Center in Avondale to approximately one million square feet, making it Avondale’s largest single building and an integral part of our community. Through this project they have created a valuable asset that helps the city attract other business to Avondale,” said Dan Davis, Avondale’s Economic Development Director.

For more information on leasing the space contact Daniel Calihan at danny.calihan@cbre.com and visit the broker’s open on Tuesday, June 6th, from 8:00 a.m. to 10:00 a.m.

About Lake Washington Partners

Lake Washington Partners is a Seattle-based, privately-owned commercial real estate company focused on long-term portfolio investments and development projects around the country. Founded in 2006, Lake Washington Partners has successfully developed or acquired 7 million square feet of property nationwide. Lake Washington Partners specializes in large-scale industrial facilities and Class A office spaces, with properties in Washington, Nevada, Arizona, Texas, Minnesota, Ohio, Florida and New Jersey. For more information on the Coldwater Depot email coldwater@lkwp.com.

Contacts

For Lake Washington Partners

Jessica Abramson, 206-979-0914

Jessica@curiosity.works

For Immediate Release: May 25, 2017

Lake Washington Partners Acquires Commons 90 Building

SEATTLE — Lake Washington Partners, a commercial real estate firm owning, managing and developing properties across the United States, today announced the purchase of Commons 90 Office Park in Bellevue, Washington. The 142,000-square-foot, two-building property has been acquired from the Tennessee Consolidation Retirement System and New York City-based Clarion Partners for an undisclosed sum.

Located at 15800 and 15900 SE Eastgate Way, these unique buildings are home to a number of anchor tenants, including REI, Siemens and Quadrant Homes. Strategically placed on the 1-90 corridor, Commons 90 connects the east and west sides of Seattle, making it a premier location for tenants and commuters.

“We are excited to have purchased such a high-quality asset and contribute it to our growing portfolio of buildings,” said Jordan Lott, President of Lake Washington Partners. “Since our strategy is holding buildings for the long term, we take great care in identifying and purchasing quality assets in well-located submarkets.”

Lake Washington Partners will manage Commons 90 through its property management division and a partnership with Urban Renaissance Group. Jeff Jochums, Senior Vice President of CBRE and a 20-year veteran in the Puget Sound real estate market, will take over the leasing assignment.

“The building was repositioned over the last two years by Clarion Partners, who has done a great job. We plan to make small tweaks in response to tenant requests,” said Jordan Lott. Lake Washington Partners has no other immediate plans for major updates or renovations at this time.

Beyond Commons 90, Lake Washington Partners owns and manages a portfolio of assets throughout the Puget Sound area. These assets include Class A office and industrial buildings in Bellevue, Issaquah, Lynnwood and Renton.

About Lake Washington Partners

Lake Washington Partners is a Seattle-based, privately-owned commercial real estate company focused on long-term portfolio investments and development projects around the country. Founded in 2006, Lake Washington Partners has successfully developed or acquired 7 million square feet of property nationwide. Lake Washington Partners specializes in large-scale industrial facilities and Class A office spaces, with properties in Washington, Nevada, Arizona, Texas, Minnesota, Ohio, Florida and New Jersey.

Media Contact:

For Lake Washington Partners

Jessica Abramson, 206-979-0914

Jessica@curiosity.works

As featured in 425 Business

Lake Washington Partners is built on a Multi-Generational Foundation of Giving

Helen Banks Routon can remember the day, five years ago, when a massive shipment of boys’ and girls’ sweatpants arrived at Eastside Baby Corner, the Issaquah nonprofit where she serves as director of development and community relations.

“It was a thrilling moment,” Banks Routon said. “I can’t begin to tell you how good it felt.”

Banks Routon remembers seeing the bundles — the nickname for the packs of clothing set to go out to needy kids — she was about to send out and noting that there were no pants in them. So, she made a call to Issaquah-based Lake Washington Partners. Soon, she had pants, and plenty of them. The feedback she received from those caring for the recipients also thrilled her:

“(He) woke up early to get dressed into his new clothes and he spent last night folding and refolding — with huge satisfaction …”

“Amazing what a bag of clothes can achieve for a 12-year-old boy. We think of barriers to success and something as simple as ‘looking good’ could be the make or break for some kids.”

Banks Routon obviously called the right firm. A family-run real estate company, Lake Washington Partners is headed by Jordan Lott, who got into real estate the same way he got into philanthropy — it was passed down through his family. Lott is a third-generation Realtor and a third-generation giver who models his personal ethos after his father and his grandfather.

“I worked with my grandfather, and he was incredibly philanthropic,” Lott said. “He was involved in a lot of the same charities that I am today, and he absolutely instilled that in me — my father, my brother, myself — it is very much a family value for us.”

One of Lott’s earliest memories of his grandfather giving his time was as a volunteer driver, shuttling the neighborhood children to school each day.

“He was a van driver for the Jewish Day School in the early 1980s,” Lott said. “He did it because it was a way to help the school and to be a part of his grandchildren’s lives, and it was just a nice way to give back.”

As Lott raises his two young daughters, he makes sure they also see those charitable behaviors from their father.

“I am incredibly grateful that I can provide for my own children,” Lott said. “I also recognize that there are families out there that need help and can’t provide those same things, so Eastside Baby Corner is just a really efficient way to help those families in need.”

In addition to Eastside Baby Corner, Lake Washington Partners — a seemingly small business but actually one with offices in eight states that has built and managed more than 7 million square feet of real estate — sponsors other area charities such as Bothell’s Kindering Center — which provides education and therapy for children with diverse abilities — and the Rivkin Center for Ovarian Cancer.

Moreover, Lott encourages his employees to give to their own favorite charities and matches their donations. Employees also are given time off to volunteer for causes such as Northwest Harvest, which endeavors to nourish the hungry throughout the state. — JK

For Immediate Release: November 25, 2013

Lake Washington Partners announces purchase of Coldwater Depot Logistics Center in Avondale, AZ; prime 54-acre, industrial-zone site targeted for tenants with warehouse and distribution needs

SEATTLE — Lake Washington Partners, a Seattle area based commercial real estate firm owning, managing and developing properties across the United States, has announced the purchase of the Coldwater Depot Logistics Center in Avondale, AZ from Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers and investors, and Clarion Partners, a leading U.S. real estate investment manager.

Located at 1100 North 127th Avenue, Avondale, the 54-acre site is strategically located southwest of Phoenix and currently includes a 600,000 square-foot distribution center occupied by Conn’s Furniture. The site can accommodate an additional 400,000 square-feet of distribution/warehouse facilities.

“With frontage on I-10 and Van Buren Street, an integrated network of freeways nearby and 15 minutes from Sky Harbor, Coldwater Depot Logistics Center is ideally suited for a big box distribution facility or phased development,” said Lake Washington Partners’ President Jordan Lott.

Lott said his family-owned company will manage future construction and development at the site-expanded based on the needs of future tenants. The basic infrastructure is in place for future development.

He said the site is designated as a Foreign Trade Zone (FTZ), providing an additional advantage for tenants engaged in foreign trade-related activities.

Lake Washington Partners’ portfolio includes properties for lease, sale or development in multiple markets in the United States. For more information on the Coldwater Depot site, visit www.lkwp.com or email coldwater@lkwp.com.

About Coldwater Depot Logistics Center:

Located at 1100 North 127th Avenue, Avondale, AZ 85323, the industrial-zoned, 54-acre site has the capacity to accommodate 1 million square-feet of warehouse/light manufacturing facilities. With a 600,000 square-foot facility completed and occupied, the site can provide additional 400,000 square-feet of cross-dock distribution/warehouse space.

Contact coldwater@lkwp.com for more information.

About Lake Washington Partners

Over three generations, family-owned Lake Washington Partners’ focus has remained steadfast: providing outstanding service to tenants and enhancing value in real estate ventures. These principles have allowed Lake Washington Partners to grow into a well recognized and thriving nationwide real estate company.

Lake Washington Partners’ team includes solutions-oriented professionals with the judgment and experience necessary to help navigate the challenges in today’s real estate and adapt to the obstacles of tomorrow.

Media Contact:

For Lake Washington Partners

Barry Bartlett, 206-335-4694

barry@bartlettgrouppr.com

For Immediate Release: Tuesday, February 5, 2014

Lake Washington Partners sets Feb. 10 ground breaking for 1.5 million square-foot warehouse/distribution development at Spanish Springs Business Center

SEATTLE — Lake Washington Partners, a commercial real estate firm owning, managing and developing properties across the United States, will break ground Feb. 10 for phased development of 1.5 million-square-feet of distribution/warehouse space within Spanish Springs Business Center near Reno, Nevada.

Seattle area-based Lake Washington Partners purchased the 66-acre site from Spanish Springs Limited Partnership in October, 2013.

Lake Washington Partners will kick off the development with a ceremony Feb. 10 at 1 pm at 450 Ingenuity Ave. along with representatives of Spanish Springs Limited Partnership, including Hawco Properties, the Economic Development Authority of Western Nevada (EDAWN) and Washoe County. With an anticipated completion in late 2014, the first phase will be a 750,000-square-foot distribution center for SanMar Corporation. SanMar currently occupies another Lake Washington Partners’ property—a 622,000-square-foot distribution center at 555 Vista Boulevard in Sparks, NV. Lake Washington Partners’ President Jordan Lott will aggressively seek build to suit tenants for the additional 800,000-square-feet of industrial development at Spanish Springs and the to-be vacated facility in Sparks. “Spanish Springs Business Center is ideally suited to meet tenants’ big box distribution needs in a rapidly-growing area,” said Lott. “It provides a high quality business environment with excellent access to Interstate 80 and US Hwy 395 through the adjacent Pyramid Highway corridor.” Lott said his company is re-introducing the Sparks property to the leasing market with approximately $3 million in renovations following SanMar’s move to Spanish Springs. Lake Washington Partners will oversee future construction and improvements at both sites. Reno-based United Construction Co. has been selected general contractor for the Spanish Springs project. Spanish Springs Business Center is a master-planned site with entitlements in place for fast tracking commercial development. Power, gas, water, sewer and telephone services are in place, and the Spanish Springs Business Center offers a high pressure water system to support ESFR sprinklers.

“Lake Washington Partners has expanded our presence in Washoe County for multiple reasons, starting with its strategic location among 11 Western states. Moreover, the area provides tenants with a business-friendly environment and excellent quality of life,” said Lott.

Lake Washington Partners’ portfolio includes properties for lease or build to suit development in multiple markets in the United States. For more information on the Spanish Springs site, visit www.lkwp.com or email spanishsprings@lkwp.com.

About Lake Washington Partners

Over three generations, family-owned Lake Washington Partners’ focus has remained steadfast: providing outstanding service to tenants and enhancing value in real estate ventures. These principles have allowed Lake Washington Partners to grow into a well recognized and thriving nationwide real estate company.

Lake Washington Partners’ team includes solutions-oriented professionals with the judgment and experience necessary to help navigate the challenges in today’s real estate and adapt to the obstacles of tomorrow.

Media Contact:

For Lake Washington Partners

Barry Bartlett, 206-335-4694

barry@bartlettgrouppr.com