Back to Press Room

Press Releases

April 14, 2011

Kidder Mathews Awarded 3.76 Million Square Foot Kent Valley Portfolio by Principal

Seattle, WA - Kidder Mathews announced today that it has been awarded the marketing and leasing of a 3.76 million square foot Kent Valley corporate park portfolio by Principal Real Estate Investors, LLC. The portfolio consists of Northwest Corporate Park - Kent, the largest industrial park in the Valley with 19 buildings, originally developed by Jack Benaroya; and Kent North Corporate Park. Northwest Corporate Park - Kent offers flexibility of spaces to its tenants for spaces as small as 1,000 square feet to as large as 300,000 square feet, with up to 30' clear height and rail access. Kent North Corporate Park offers a high quality corporate environment with up to 30' clear height and ESFR sprinklers. Both projects have excellent access to freeways including I-5, I-405, and SR-167. The marketing team includes Matt Wood, Thad Mallory, and Tony Miltenberger.

About Kidder Mathews
Kidder Mathews is one of the largest independently owned commercial real estate firms on the West Coast, with over 400 real estate professionals and staff in 9 offices in Washington, Oregon, and California. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types. The firm performs $1.95 billion in transactions, manages over 22 million square feet of space, and conducts 1,000 appraisals annually. For more information, go to www.kiddermathews.com

About Principal Real Estate Investors, LLC
Principal Real Estate Investors is the fourth largest institutional real estate manager in the United States based on tax-exempt assets under management[1] and manages or subadvises $35.4 billion in commercial real estate assets. The firm's real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.

About the Principal Financial Group
The Principal Financial Group® (The Principal®)[2] is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $318.8 billion in assets under management[3] and serves some 19.1 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG.

[1]
The 4th largest manager of real estate, ranked by U.S. institutional tax-exempt real estate assets, out of 87 managers profiled, as of June 30, 2010 PENSIONS & INVESTMENTS, September 10, 2010.
[2]
"The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
[3]
As of Dec. 31, 2010.

For inquiries, please contact Karen Benoit at 206.296.9600 or email: kbenoit@kiddermathews.com

Back to top