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Project Outline
Roadway Express hired Doug Klein to find
them a new facility as a result of the City of Seattle condemning their
historical location in South Seattle. Although the search covered the
entire South Puget Sound region, Roadway’s desire was to be located as
close to Seattle as possible. South Seattle had almost zero undeveloped
land available so the search also included assemblages, contaminated
sites and sites that were not openly on the market.
After careful consideration, research and
analysis, the Desimone Trust site was selected in South Seattle. It was
a completely vacant raw land site. A developer, Sound Ventures, was
under contract for the site but had been experiencing tremendous
difficulty both with the seller and with the Municipality of King
County. Doug held the deal together by being heavily involved with the
King County approval process with the developer. This allowed the buyer
and seller to understand the difficulties relating to the permitting
process and the steps that each party had to take in order to develop
the site.
Services Provided
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Site selection analysis
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Leasing services
Result
Doug guided the developer and Roadway
around roadblocks and enabled them to complete a build-to-suit package
that worked for both parties. After touring every 6+ acre site in the
Puget Sound area, Roadway Express chose this site and Doug negotiated an
assignment of PSA and a development agreement for a $12,700,000
completed purchase price. An 80-door truck terminal is now completed.
Later, Doug negotiated for Roadway a purchase of the adjacent 2-acre
site for future expansion. Doug has a continuing relationship with all
of the parties involved in these transactions.
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Marabou Corporate Park/
Roadway Express
Renton, Washington
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