11/19/2007

Seattle's Benaroya acquires tech campus in nearby Puyallup

by

Puyallup Science Park

Seattle-based Benaroya Cos. purchased the 92-acre office and technology campus in Puyallup, Wash., from Microchip Technology Inc. for $30 million.

NAI Puget Sound Properties Arie Salomon and Jeff Forsberg represented both the buyer and seller.

Microchip Technology Inc. bought the complex in 2000 for $80 million from Matsushita Corp., which makes electronics under the Panasonic brand. It had been dormant since 1998.

The office and technology campus is situated in Puyallup, Wash., about 35 miles south of Seattle and ten miles southeast of Tacoma. It features seven building and 710,000 square feet of office and manufacturing space.

According to a report in the Tacoma News Tribune, Benaroya hopes to divide the site up into smaller parcels and sell them off to technology companies.

Benaroya Companies is a private real estate and venture capital investment and management firm in Seattle.

NAI Puget Sound's Forsberg is a principal and broker with the firm. He was nominated as a finalist for Industrial Broker of the Year in 2005. Forsberg holds both a business and law degree.

Solomon is a principal and broker with NAI Puget Sound. A seventeen year veteran of the commercial real estate business, he's been nominated for Industrial Broker of the Year four times, winning in 1998. Solomon holds a bachelor's in business administration from the University of Washington.

Address: 1111 39th Ave SE, Puyallup, Wash.

Size: Seven buildings, 710,000 square feet

Built: 1983

---

Filed Under: Industrial

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the characters in the image above:

Related Headlines

• Colliers International welcomes three brokers in California - 5/29/2009
• Texas hotel sells for $4.275M - 5/29/2009
• Massey Knakal lists NoHo retail building for $5.95M - 5/29/2009
• California industrial building sells for nearly $3 million - 5/29/2009
• NAI facilitates sale of Alaska mixed-use building - 5/28/2009
• Long Beach retail center commands $6.05M - 5/28/2009
• Florida land fetches $2.725M - 5/28/2009
• Marcus & Millichap list Virginia retail store for more than $10.2M - 5/28/2009
• Colliers Arnold stays busy in Tampa - 5/27/2009
• Colliers sells two buildings in California - 5/27/2009