Century Pacific, LP

Investment Brokerage: Acquisitions and Dispositions

Brownfield Sites

CenturyPacific was retained by a local family to entitle and sell the former Barbee Mill site, a 24-acre parcel located on the Lake Washington waterfront in Renton, WA. The entitlements process took nearly three years to complete and resulted in a preliminary plat for 115 residential units. CenturyPacific marketed the plat and sold the property to Conner Homes for $34,000,000.

Nordstrom Headquarters

CenturyPacific assisted the owners of the 750,000 sf Frederick & Nelson Building in Seattle with the development of a disposition strategy for the property. CenturyPacific marketed and sold the building to Nordstrom for over $31,000,000.

Residential Plats

CenturyPacific was retained by the owners of a 234-acre soon-to-expire plat in Lacey, Washington to identify a development partner/buyer for the plat. CenturyPacific was successful in consummating a sale.

Campus Sale

CenturyPacific is currently involved in the sale of several city blocks in the South Lake Union neighborhood of Seattle. This assignment has included a number of lease extensions, property reconfigurations and debt restructuring.

CenturyPacific also sought a suitable acquisition for a local high net worth family seeking to place tens of millions of dollars in Seattle area real estate. The result was the facilitation of the purchase of several class A office buildings in Seattle and Redmond. CenturyPacific then acted as asset manager and ultimately assisted in the sale of the Redmond portfolio in 2008.

Warehouse Space

CenturyPacific reviewed the market for opportunities and ultimately facilitated the purchase of a 214,000 sf industrial building in an off-market transaction in the Kent Valley. The firm acted as asset manager for several years before arranging the sale at a significant profit in 2009.

Strategic Small Lot

CenturyPacific assisted a local corporate client with the sale of a two lot parcel in the South Lake Union neighborhood of Seattle.

Small Office Building

CenturyPacific assisted a local start-up company in the strategic decision to lease 13,000 sf in the Interbay area of Seattle.

Gravel Mines

CenturyPacific was selected by the Port of Tacoma to strategically advise, publicly market, negotiate and oversee the divestiture of a complex and prominent 745-acre property in Thurston County, WA that was formerly a munitions manufacturing facility. The property sold for $17 million in 2010 in one of the most difficult sales environments in recent history.