Newmark Knight Frank and Kidder Mathews are currently pre-leasing Track 6, an expansive, Class A, multi-story industrial space, which developer Avenue 55 is positioning as the future of Seattle. Avenue 55 is a Seattle based private real estate company focused on investment, development and value-added opportunities.
Track 6 is built on 2.4 acres and located in the SODO submarket. The project will include a new, four-story, 212,516 square foot building, located at the footsteps of downtown Seattle. Wrapped in natural light, tenants will enjoy a creative environment ideal for an established tech brand, assembly, R&D, engineering, maker’s space, or light distribution.
Along with expansive views of Seattle, the building also features dock high and grade level loading into forklift rated freight elevators, serving floors two through four. Among other prominent features, there are 54,000 square foot floor plates, a ground floor with 24-foot clear heights, and 108 surface parking stalls.
According to Avenue 55 Founder and President, Joe Blattner, “As businesses are being pushed further south from the Downtown core, this project represents the future of Seattle. It also presents an opportunity to bring an innovative and creative urban industrial solution to the present land-constrained scenario we are experiencing. Track 6 clearly appeals to growing tenant demand in the Puget Sound.”
Nelson, formerly Craft Architects, is the project’s architect of record. Other companies collaborating on Track 6 are Sierra Construction and Barghausen Consulting Engineers.
Track 6 will start construction later this year and is scheduled to deliver in the fourth quarter of 2020. The project is located at the epicenter of Seattle’s growth, just over a mile from Century Link Field and T-Mobile Park.
Vice Chairman Thad Mallory of Newmark Knight Frank’s Bellevue office and Executive Vice President Evan Lugar of Kidder Mathews are spearheading all leasing efforts.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with over 750 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $9 billion in transactions, manages over 50 million square feet of space, and conducts over 1,600 appraisals annually. For more information, visit kiddermathews.com.
About Newmark Knight Frank
Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 16,000 professionals operate from approximately 430 offices on six continents. NKF’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit ngkf.com.
Discussion of Forward-Looking Statements about Newmark Group
Statements in this document regarding Newmark Group that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark Group undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark Group’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.
