When Circuit City sought to sublease its distribution center in Chehalis, Washington, the consumer electronics retailer plugged into the Kidder Mathews connection.
Although Fred Meyer, a division of national grocery retailer, The Kroger Co., held a short-term sublease, the 175,000 sq ft facility required a long-term tenant. To fill the upcoming vacancy, Circuit City sent an RFP for leasing services to four national firms. Kidder Mathews covered the three markets of Seattle, Portland, and Tacoma, which were most likely to produce a viable tenant.
Initially, Seattle based tenants said the Circuit City warehouse was too far south, while Portland area prospects said it was too far north. The property is at least 75 minutes from the closest major market, in an area with little industrial activity. The Kidder Mathews team faced a steep challenge to persuade brokers to show their clients this particular property.