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Tacoma, WA

Cramer Foster

Senior Vice President | Shareholder
Contact
T 253.722.1423 cramer.foster@kidder.com
1201 Pacific Avenue, Ste 1400
Tacoma, WA 98402
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About

Cramer Foster joined Kidder Mathews in 2012 specializing in commercial retail leasing and investment sales in the Puget Sound region. In 2013, Cramer was awarded with the distinguished Kidder Mathews Rookie of the Year Award for being the highest grossing first year broker company-wide. With a fundamental understanding of acquisitions, retail development, leasing, disposition, and investment sales, Cramer assists his clients in maximizing returns and increasing property values. His expansive network and distinctive approach continually proves valuable to his clients as they become aware of investment opportunities, or active tenants, long before other investors or landlords. Through Cramer’s various contacts including ICSC, CBA, and Washington State Commercial Association of REALTORS, he has established a presence in the national and regional investment and retail communities.

Education

Cramer graduated from the University of Washington in 2011, with a B.A. in Political Science: Political Economy and American Indian studies. He was also a member of Theta Chi fraternity.

Available Properties

Notable Assignments

University of Washington-Tacoma: Renovation, acquisitions and transformation of over 3 square block area on Downtown Tacoma Campus consisting of design consulting, leasing and acquisitions, and property management modification.

Point Fosdick Square – Gig Harbor, WA: Exclusive leasing broker for 186,000 sq ft grocery anchored retail center developed by Property Development Centers in 2013. Responsible for initial lease-up. Anchored by Safeway, Kohl’s, and Michaels.

Domino’s Pizza: Exclusive tenant representation to the four largest Domino’s Pizza franchisees in Washington State. Successfully helped select sites and negotiate leases on over 10 new concept locations in Puget Sound between 2012 and 2013.

Areas of Focus

Single-tenant blue chip investments: Representing buyers and sellers of single tenant, NNN leased, credit-signature properties with tenants such as: Jack in the Box, McDonald’s, DaVita, Fresenius, AutoZone, O’Reilly Auto Parts, Comfort Dental, WSECU, Key Bank and Starbucks.

Full-scope leasing of retail properties to 100% occupancy to maximize landlord and investor returns.

Tenant representation: Site identification, demographic studies, leasing, and acquisitions for national and regional tenants including Denny’s, Harbor Freight Tools, Washington State Employees Credit Union, Kitsap Bank, The Wave Car Wash, Dick’s Drive-In and Humana.

Select Client List

  • Absolute Mortgage
  • ASPI Group
  • Denny’s
  • Dick’s Drive-In
  • Gravity Coffee Co
  • Harbor Freight Tools
  • Harsch Investment Properties
  • HNN Associates
  • Humana
  • King County
  • Kitsap Bank
  • Nisqually Indian Tribe
  • Pho Than Brothers
  • Rhino Investments
  • TAPCO Credit Union
  • The Wave Car Wash
  • WSECU

Recent Notable Sale Transactions

$13,650,000
November 2018

Investment sale of 128,695 square foot multitenanted Olympia Square North & South Shopping Center anchored by Albertson’s & Ross in Olympia, WA.

$8,600,000
November 2020

Investment sale of the 32-unit Kensington Townhomes in Tumwater, WA.

$7,780,000
November 2016

Investment sale of 22,485 multi-tenanted Belfair Valley Plaza anchored by Safeway in Belfair, WA.

$4,925,000
March 2021

NNN investment sale of single tenant Jack in the Box in Seattle, WA

$4,250,000
May 2014

Investment sale of 12,605 sq ft multi-tenanted retail center at 176th & Meridian in Puyallup, WA.

$3,970,000
May 2017

Investment sale of 19,056 sq ft multi-tenanted 38th Street retail center in Tacoma, WA

$3,850,000
March 2017

Investment sale of 37,582 sq ft former Pacific First Federal office building in Tacoma, WA

$3,250,000
December 2015

Investment sale of 50,913 sq ft multi-tenanted Marineland Village retail center in Kennewick, WA.

$3,000,000
April 2018

Represented Dick’s Drive-In on the acquisition of ±9 acres for their new location on 240th and Pacific Highway in Kent, WA

$2,915,000
April 2016

Investment sale of 21,000 sq ft multi-tenanted Center Street Plaza in Tacoma, WA.

$2,750,000
June 2020

Disposition of ±7 acres of surplus property for Dick’s Drive-In in Kent, WA.

$2,500,000
July 2020

Investment sale of 26,350 square foot Perkins II Office Building in Lakewood, WA

$2,475,000
October 2018

Sale of 23,162 square foot office/retail building located at 4218 S Steele St, Tacoma, WA

$2,300,000
June 2016

Investment sale of 13,857 sq ft multi-tenanted Bridgeport Gardens retail center in University Place, WA.

$2,225,000
August 2015

20 year sale/lease back Investment sale of 5,400 sq ft Denny’s in Spanaway, WA.

Recent Notable Lease Transactions

2016 to 2018 – represented Harbor Freight Tools in four lease transactions totaling 69,962 square feet

2016 to 2018 – represented Gravity Coffee on eight lease transactions for drive-thru coffee locations

September 2017 – represented Harsch Investment Properties on a twenty year ground lease with Burger King in Fife, WA