Portfolio by heidi waggoner

ITS DESIGN, FEATURES, AND BUILD QUALITY PUSH IT WELL PAST THE COMPETITION.

S O UND & VIS ION

T H E SOUN D OF SI M P L I C I T Y

YOU WILL HEAR MUSIC AND MOVIE SOUND EXACTLY AS IT WAS ORIGINALLY RECORDED AND INTENED TO BE HEARD.

For too long, we’ve been told that good sound comes

With the precision of Swiss engineering, Geneva Sound

only from a stack of components and speakers cluttering

is the first – an all-in-one high fidelity system styled to fit

up a room.

inside the modern home as simply as another accessory.

But great sound doesn’t require a stack of boxes and coils of cables. The Geneva Sound System contains a perfectly balanced array of advanced digital components

“I haven’t seen a full-featured stereo that’s as easy to use,” says Macworld, “with exceptional sound quality.” Geneva Sound reproduces recordings exactly as their

inside a single piano-lacquered wooden cabinet with “the

Grammy and Oscar-winning creators intended. “The

hallmarks of true originality” that Home Theater Magazine

technology inside a single Geneva Sound System is a

says will leave you “totally satisfied.”

perfect reference tool for recording professionals,” says

From a base near the Swiss Alps, Geneva Lab is

Per Hallberg, sound designer for Oscar-wining films like

revolutionizing the market by making great sound easy.

Ray and Braveheart. “I use it in my mixing studio. You will

Home stereo design hasn’t changed form in 50 years.

hear music and movie sound exactly as it

However, It no longer fits with the new digital music

was originally recorded and intended to be heard.”

formats and contemporary lifestyle.

Queen Anne Square INVESTMENT OFFERING 2 BUILDING OFFICE PORTFOLIO

155,766 RSF

200-220 MERCER STREET, SEATTLE, WA

QUEEN ANNE SQUARE

THE OFFERING

Southwest views from Queen Anne Square

Pacific Real Estate Partners, Inc., as exclusive marketing agent, is pleased to present the opportunity to acquire Queen Anne Square in Seattle, Washington. This attractive two-building office project located on the northern border of downtown Seattle is minutes from Seattle’s financial district. Dramatic lobby and common area improvements, as well as other extensive capital improvements were completed in 2007-2008 totaling over $7 Million. This stunning Class A office property is over 95% leased with a quality tenant roster making it an exceptional investment opportunity. Located just northwest of Seattle Center and the iconic Space Needle, the complex is part of the dynamic Queen Anne District that will be home to the 1.3 million square foot campus for The Bill & Melinda Gates Foundation. The Queen Anne Square complex is best of class in the “for lease” category in this submarket and provides a live-work-play environment that appeals to the technology oriented tenant base in the area as well as to existing tenants in the building. Spectacular views of the Olympic Mountains, Mt. Rainier and Elliott Bay are enjoyed from the upper floors. TOWER

ADDRESS

SIZE

NO. OF FLOORS

TYPICAL FLOOR SIZE

YEAR BUILT

OCCUPANCY

East

200 W Mercer St

100,661 SF

5 Floors

19,300 SF

1982 (R. 2007)

94.2%

West

220 W Mercer St

55,105 SF

5 Floors

10,500 SF

1982 (R. 2007)

97.7%

YEAR 1 NOI

$2,468,946

INVESTMENT HIGHLIGHTS

PROPERTY HIGHLIGHTS

» In-place occupancy over 95% provides strong in-place

» Two building complex featuring two floor plate sizes maximizing leasing

cash flow » Staggered lease expirations present the opportunity to capture market upside » Live-work-play character of property assures high tenant retention » Small to mid-size multi-tenant base minimizes re-tenanting risk » In-fill location with limited opportunity for new development » Two levels of covered parking provides tenant convenience and revenue upside

flexibility in the small to mid-size tenant market » Attractive brick exterior with bronze reflective glass further enhanced by new sleek entries and signage contribute to the best of class appeal » Lush landscaping surrounds the central plaza with outdoor seating and wireless internet for tenant enjoyment » Dramatic views of Elliott Bay, Mt. Rainier and the Olympic Mountains invite occupancy on the upper floors » Abundant area amenities include cafes and fine dining restaurants, retail shops, the Space Needle and Seattle Center » Minutes from Seattle’s CBD and convenient access to I-5 and Hwy 99 » The Mercer Corridor Project will enhance the street presence and improve car, bike and pedestrian access to the building

Queen Anne Square

Highland Dr

99 N. 8th Av

Valley St

N. 6th Av

N. Taylor Av

N. 5th Av

N. 4th Av

N. 1st Av

job growth is expected to rise almost five percent by 2012, and the local

N. Dexter Av

Aloha St N. Warren Av

Queen Anne Av

W. Roy St

N. Aurora Av

Prospect St Ward St

QUEEN ANNE

ahead of the rest of the U.S. in most economic sectors. Year-over-year

N. 3rd Av

vibrant and stable real estate markets and Seattle is expected to rebound

alo

Big

N. 2nd Av

W. 2nd Av

W. 1st Av

W. 3rd Av

W. Prospect St W. 4th Av

» The Puget Sound region has historically been one of the nation’s most

W. 5th Av

W. Highland Dr

N. Nobhill Av

MARKET HIGHLIGHTS

Roy St

MEMORIAL STADIUM

KEY ARENA

» The Property is located in the dynamic Queen Anne submarket which stretches

COLISEUM

N. Dexter Av

N. 8th Av

N. Aurora Av

oa dS t N. 5th Av

N. 6th Av

N. Taylor Av

T SPACE NEEDLE

N. 2nd Av

N. Warren Av

N. 1st Av

Queen Anne Av

to desirable residential neighborhoods makes this submarket one with strong

CENTER HOUSE

SEATTLE CENTER

W. 2nd Av

W. 3rd Av

from Highway 99 to the waterfront. The proximity to attractive amenities and

OPERA HOUSE

BAGLEY WRIGHT THEATRE

W. 1st Av

much as fifteen percent by 2014 (Source: Moody’s Economy.com)

ARENA

W. 4th Av

information (tech) and manufacturing industries are expected to grow as

W. 5th Av

W. Mercer St

PACIFIC SCIENCE CENTER

appeal to the small and mid-sized tenant base t

» The Queen Anne office submarket has seen 98 lease transactions in 2010 YTD

Denny Way

gle

totaling 581,000 square feet

7th

rS da

4th

Vin e

3rd

St ry

W all

tte

dA v

ll S

St ard

Bla n

no W ay

This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through Pacific Real Estate Partners, Inc. The above information, while not guaranteed, has been secured from sources we believe to be reliable.

(206) 971-7008 stuart.williams@pacific-re.com

(206) 971-7006 lori.hill@pacific-re. com

(206) 971-7013 ann.chamberlin@pacific-re.com

STUART WILLIAMS

LORI HILL

nA v

ter

tA v

Be W es

iot

ANN CHAMBERLIN

Ell Ala

Service

Vir gin

since first quarter 2010, and currently sit at $28.58 per square foot Full

5th

Cla

» Average asking rents in this submarket have been continually increasing

6th

Seattle Aquarium

8th & THOMAS PARCEL D

8th & THOMAS

8th & THOMAS PARCELS A, B & C

DEVELOPMENT OPPORTUNITY

URBAN POSSIBILITIES

A 2 5,200 s quar e fo o t d ev el o p men t o p p o r t u n i t y ava i l ab l e f o r p u r c h a s e o r j o i n t v e n t u r e.

P R E S E N T E D E X C L U S I V E LY B Y PAC I F I C R E A L E S TAT E PA RT N E R S , I N C . S T E V E S C H WA RT Z

JJ SHEPHARD

(425) 974-4005

(425) 974-4031 j j . s h e p h a r d @p a c i fi c - r e . c o m

s t e v e . s c h w a r t z @ p a c i fi c - r e . c o m

8th & Thomas is located in Seattle’s South Lake Union Neighborhood, one of the biggest urban redevelopments in the country. Close proximity to both downtown Seattle and to the lively, emerging waterfront neighborhood makes 8th & Thomas a unique investment opportunity. Existing zoning for residential or commercial uses and strong demographics offer unlimited potential in one of the nation’s strongest economic and real estate markets.

INV E ST M E N T H I G H L IG H T S Parcel No.

Dimensions

SQ FT

Current Zoning

PARCEL A

199120-1080

60’ x 120’

7,200

SM-85

PARCEL B

199120-1085

60’ x 120’

7,200

SM-85

PARCEL C

199120-1095

60’ x 120’

7,200

SM-85

PARCEL D

199120-1400

30’ x 120’

3,600

SM-85

25,200

2,000,000 SF 1,965,773

2004 - 2007 1,800,000

PHASE 1 GROWTH PROJECTIONS GROWTH ACTUALS

1,600,000 1,400,000 1,200,000

1,525,967

1,000,000

833,200

600,000

119,865

400,000 200,000 0

Biotech

Office

173,059

707,800

800,000 702,799

» Premier location in Seattle’s emerging South Lake Union (SLU) neighborhood - Blocks to downtown Seattle - Easy access to I-5, I-90 or Highway 99 - Walking distance to lively workplaces, shops, restaurants, schools, parks, entertainment and recreation » SLU is hub to accomplished organizations, including University of Washington, Fred Hutchinson Cancer Research Center, Seattle Cancer Care Alliance, Microsoft, Vulcan (Paul Allen’s development company), ZymoGenetics, Children’s Hospital » Serviced by Seattle’s new Streetcar line that travels from Fairview Avenue in SLU to the heart of downtown in Westlake Center » Corner location » Alley access

G ROWTH PROJECTION

1,382,080

PROP E RT Y H IG H L I G H T S

Retail/Hotel

Residential

LA K E U N I ON

VI IR

N 5th Avenue

South Lake Union Park

KE AV

8th & Thomas Properties

N 4th Avenue

LEGE N D

HOTELS

VA L L E Y S T R E E T

SCHOOLS

SOUTH LAKE UNION

Fred Hutchinson Cancer Research Center

Kenmore Air

King 5

Pan Pacific Hotel

Pemco

R.E.I.

Seattle Cancer Care Alliance

Space Needle

Targeted Genetics

MERCER STREET

N FA I R V I E W AV E N U E

JOHN STREET

Denny Park

5 6

E E A S T L A K E AV E N U E

THOMAS STREET

N YA L E A V E N U E

N B O R E N AV E N U E

N T E R R Y AV E

HARRISON STREET

N P O I N T I U S AV E N U E

REPUBLICAN STREET

N M I N O R AV E N U E

N W E S T L A K E AV E N U E

SOUTH LAKE UNION STREETCAR

N 6 T H AV E N U E

Seattle Center

N 9 T H AV E

N 8 T H AV E N U E

N D E X T E R AV E N U E

U R B A10 N C E N T E R

D E N N Y W AY

ET RE ST

BO 9T

Parcel D 199120-1400 3,600 SF RE

6T 5T

N A

ET RE

IN G

2 VE

Westlake Center

S E AT T L E CBD PI

Washington State Convention Center

I OL

TE A

Parcel C 199120-1095 7,200 SF

Parcel B 199120-1085 7,200 SF

Parcel A 199120-1080 7,200 SF

NUE K E AV E

11 Whole Foods Market

WESTLA

10 UW Research Lab

DE M OG RA P H I C P R O F I LE 3 Mile Radius

5 Mile Radius

Estimated Population

42,946

185,548

367,644

Average Household Income

$57,565

$67,862

$71,749

37.0

36.9

37.4

Household Income Over $75,000

23.9%

31.5%

36.2%

Total Housing Units

33,074

108,986

195,883

Professional, Management and Sales Occupations

77.6%

77.2%

76.3%

$610,000,000

$2,272,000,000

$4,286,000,000

Bachelor’s Degree or Higher

54.6%

56.5%

56.7%

Home’s Valued Over $500,000

47.9%

24.9%

15.8%

Total Retail Expenditure

M A RKE T PROJE C T I ON S

1 Mile Radius

Median Age

*Data is as of the 2007 Census estimates, except for “Professional, Management and Sales Occupations” and “Homes valued over $500,000”, which are based on the 2000 Census Data.

» Amazon has agreed to lease up to 1.6 million SF in up to 11 new buildings to be constructed in SLU, bringing up to 6,000 Amazon employees to the area over the next 5 years » Approximately 1.5 million SF of new biotech space » Nearly 4.4 million SF of new space will be built by next year in SLU neighborhood » Almost 7,000 jobs will be created » 1,850 residential units occupying nearly 2 million SF will be built in South Lake Union by 2008 » Microsoft has leased 126,000 SF in the Westlake Terry building » Fred Hutchinson’s master plan calls for it to build an additional 1.5 million SF in the neighborhood » The UW has an option to build an additional 365,000 SF

S E AT T L E C B D

EL L IOTT BAY

BEL LTOWN

8th & THOMAS

E N 9 T H AV E N U

AV EN

N WES TL

MERCER STREET

PARCELS A, B & C

AKE A VENUE

PARCEL D

Suquamish LAKE

Woodinville

Bothell

UNI ON

305

522

405

305

Kirkland

908

Redmond

513

520 520

Seattle

8th & THOMAS

Bellevue

99 90

P R E S E N T E D E X C L U S I V E LY B Y PAC I F I C R E A L E S TAT E PA RT N E R S , I N C . S T E V E S C H WA RT Z

JJ SHEPHARD

(425) 974-4005

(425) 974-4031 j j . s h e p h a r d @p a c i fi c - r e . c o m

s t e v e . s c h w a r t z @ p a c i fi c - r e . c o m

Southworth

Newcastle

meet prep

full-service leasing advisory

tenant representation

charlie malley Adecco Staffing

Charlie joined Pacific Real Estate Partners in 2004 after beginning his career at

Alvarez & Marsal

CB Richard Ellis. Representing corporations in the Eastside markets of Bellevue,

Amica Insurance

Redmond and Bothell, Charlie’s lease transactions total in excess of 3M SF and

Aricent Bankers Life & Casualty

he is well recognized for his broad market knowledge and unflagging dedication to his clients.

CVS Caremark DHL Ecolab

AWARDS » 2008 CoStar Power Broker

Facebook Fidelity National Humana Kelly Services Principal charlie.malley@pacific-re.com 425-974-4003

Kleinfelder Milliman PlayNetwork Prudential Ricoh TetraTech Western Digital

ACADEMIC » BA Communications, University of Washington Associations and Activities » Commercial Brokers Association » CoreNet Global - Young Leaders Liaison, Washington chapter » University of Washington Alumni Association

SEATTLE | BELLEVUE | TACOMA | OLYMPI A | POR TLA N D

www. p a c i fi c - re. c o m

K E A E N V I R O N M E N TA L , I N C .

BIOLOGICAL AND R E S T O R AT I O N S E R V I C E S KEA designs and implements programs for

experience includes preparation of technical

environmental compliance with NEPA, CEQA,

studies and environmental documents for

and related federal and state legislation,

hundreds of projects requiring Environmental

including the Endangered Species Act, the

Impact Statements (EISs), Environmental

National Historic Preservation Act, the Clean

Impact Reports (EIRs), Environmental

Water Act, and the Clean Air Act.

Assessments (EAs), federal

KEAʼ s experience includes

permits, and/or compliance with

preparation of technical studies

environmental regulations.

and environmental documents for

Established in 1985, KEAʼ s

hundreds of projects requiring

reputation

Environmental Impact Statements

responsiveness and accountability

(EISs), Environmental Impact

has led to its growth to a current

Reports (EIRs), Environmental

staff of 88. Our work for the DoD

Assessments (EAs), federal

has been of the highest quality

for

client

and has included contracts for the

permits, and/or compliance with environmental regulations.

U.S. Navy, Southwest Division; The U.S. Army

KEA designs and implements programs for

Corps of Engineers, Los Angeles and

environmental compliance with NEPA, CEQA,

Sacramento Divisions; and the U.S. Air Force.

and related federal and state legislation,

KEA designs and implements programs for

including the Endangered Species Act, the

environmental compliance with NEPA, CEQA,

National Historic Preservation Act, the Clean

and related federal and state legislation,

Water Act, and the Clean Air Act. KEAʼ s

including the Endangered Species Act, the

K E A E N V I R O N M E N TA L , I N C .

N E PA / C E Q A S E RV I C E S

APPLIED SOCIAL SCIENCE

KEA designs and implements programs for

experience includes preparation of technical

KEA designs and implements programs for

experience includes preparation of technical

environmental compliance with NEPA, CEQA,

studies and environmental documents for

environmental compliance with NEPA, CEQA,

studies and environmental documents for

and related federal and state legislation,

hundreds of projects requiring Environmental

and related federal and state legislation,

hundreds of projects requiring Environmental

including the Endangered Species Act, the

Impact Statements (EISs), Environmental

including the Endangered Species Act, the

Impact Statements (EISs), Environmental

National Historic Preservation Act, the Clean

Impact Reports (EIRs), Environmental

National Historic Preservation Act, the Clean

Impact Reports (EIRs), Environmental

Water Act, and the Clean Air Act.

Assessments (EAs), federal

Water Act, and the Clean Air Act.

Assessments (EAs), federal

KEAʼ s experience includes

permits, and/or compliance with

KEAʼ s experience includes

permits, and/or compliance with

preparation of technical studies

environmental regulations.

preparation of technical studies

environmental regulations.

and environmental documents for

Established in 1985, KEAʼ s

and environmental documents for

Established in 1985, KEAʼ s

hundreds of projects requiring

reputation

client

hundreds of projects requiring

reputation

Environmental Impact Statements

responsiveness and accountability

Environmental Impact Statements

responsiveness and accountability

(EISs), Environmental Impact

has led to its growth to a current

(EISs), Environmental Impact

has led to its growth to a current

Reports (EIRs), Environmental

staff of 88. Our work for the DoD

Reports (EIRs), Environmental

staff of 88. Our work for the DoD

Assessments (EAs), federal

has been of the highest quality

Assessments (EAs), federal

permits, and/or compliance with

and has included contracts for the

permits, and/or compliance with

for

client

has been of the highest quality and has included contracts for the

environmental regulations.

U.S. Navy, Southwest Division; The U.S. Army

environmental regulations.

U.S. Navy, Southwest Division; The U.S. Army

KEA designs and implements programs for

Corps of Engineers, Los Angeles and

KEA designs and implements programs for

Corps of Engineers, Los Angeles and

environmental compliance with NEPA, CEQA,

Sacramento Divisions; and the U.S. Air Force.

environmental compliance with NEPA, CEQA,

Sacramento Divisions; and the U.S. Air Force.

and related federal and state legislation,

KEA designs and implements programs for

and related federal and state legislation,

KEA designs and implements programs for

including the Endangered Species Act, the

environmental compliance with NEPA, CEQA,

including the Endangered Species Act, the

environmental compliance with NEPA, CEQA,

National Historic Preservation Act, the Clean

and related federal and state legislation,

National Historic Preservation Act, the Clean

and related federal and state legislation,

Water Act, and the Clean Air Act. KEAʼ s

including the Endangered Species Act, the

Water Act, and the Clean Air Act. KEAʼ s

including the Endangered Species Act, the

K E A E N V I R O N M E N TA L , I N C .

C U LT U R A L R E S O U R C E MANAGEMENT

E N V I R O N M E N TA L C O M P L I A N C E AND PERMITTING

KEA designs and implements programs for

experience includes preparation of technical

KEA designs and implements programs for

of technical studies and environmental

environmental compliance with NEPA, CEQA,

studies and environmental documents for

environmental compliance with NEPA, CEQA,

documents for hundreds of projects requiring

and related federal and state legislation,

hundreds of projects requiring Environmental

and related federal and state legislation,

Environmental Impact Statements (EISs),

including the Endangered Species Act, the

Impact Statements (EISs), Environmental

including the Endangered Species Act, the

Environmental Impact Reports (EIRs),

National Historic Preservation Act, the Clean

Impact Reports (EIRs), Environmental

National Historic Preservation Act, the Clean

Environmental Assessments (EAs), federal

Water Act, and the Clean Air Act.

Assessments (EAs), federal

Water Act, and the Clean Air Act.

permits, and/or compliance with

KEAʼ s experience includes

permits, and/or compliance with

KEAʼ s experience includes prepar

environmental regulations.

preparation of technical studies

environmental regulations.

ation of technical studies and

Established in 1985, KEAʼ s

and environmental documents for

Established in 1985, KEAʼ s

environmental documents for

reputation for client respons

hundreds of projects requiring

reputation

client

hundreds of projects requiring

iveness and accountability has

Environmental Impact Statements

responsiveness and accountability

Environmental Impact Statements

led to its growth to a current staff

(EISs), Environmental Impact

has led to its growth to a current

(EISs), Environmental Impact

of 88. Our work for the DoD has

Reports (EIRs), Environmental

staff of 88. Our work for the DoD

Reports (EIRs), Environmental

been of the highest quality and

Assessments (EAs), federal

has been of the highest quality

Assessments (EAs), federal

permits, and/or compliance with

and has included contracts for the

permits, and/or compliance with

for

has included contracts for the U.S. Navy, Southwest Division; The

environmental regulations.

U.S. Navy, Southwest Division; The U.S. Army

environmental regulations. KEA designs and

U.S. Army Corps of Engineers, Los Angeles

KEA designs and implements programs for

Corps of Engineers, Los Angeles and

implements programs for environmental comp

and Sacramento Divisions; and the U.S. Air

environmental compliance with NEPA, CEQA,

Sacramento Divisions; and the U.S. Air Force.

liance with NEPA, CEQA, and related federal

Force. KEA designs and implements programs

and related federal and state legislation,

KEA designs and implements programs for

and state legislation, including the Endangered

for environmental compliance with NEPA,

including the Endangered Species Act, the

environmental compliance with NEPA, CEQA,

Species Act, the National Historic Preservation

CEQA, and related federal and state

National Historic Preservation Act, the Clean

and related federal and state legislation,

Act, the Clean Water Act, and the Clean Air

legislation, including the Endangered Species

Water Act, and the Clean Air Act. KEAʼ s

including the Endangered Species Act, the

Act. KEAʼ s experience includes preparation

Act, the National Historic Preservation Act,

EXCLUSIVELY REPRESENTED BY: JJ SHEPHARD (425) 974-4031 jj.shephard@pacific-re.com

CHRIS HUGHES (425) 974-4030 chris.hughes@pacific-re.com

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MaryMoor Technology cenTer p r o v i D E s t h E f o u N D At i o N f o r E f f i c i E N t w o r k s pA c E , p r o D u c t i v E E m p L oy E E s A N D i N N o vAt i v E t h i N k i N G