EverWest Acquires Core Interest in Class A Office Project

The Offices at Public Market Emeryville, California

November 9, 2016

EverWest Real Estate Partners, in partnership with Miami-based Black Salmon, has entered the Northern California Bay Area office investment market with the purchase of The Offices at Public Market, a Class A office tower located along Interstate 80 in the heart of Emeryville, California.
 
The Offices at Public Market total 109,242 square feet in eight stories.  The building is part of a larger mixed-use development that includes retail, residential and hotel.  A large portion of the project's retail space is currently under redevelopment, slated for completion within the next 24 months.
 
"The mix of location, Class A office space and on-site retail amenities make The Offices at Public Market one of Emeryville's most well-positioned office buildings," said EverWest Managing Director Ryan Madson, who oversees the company's Northern California and Pacific Northwest acquisition activity.  "We anticipate that this building's popularity will only continue to improve in an area where demand for Class A space is exceptional, and there is very limited new construction on the horizon."
 
Situated at 6001 Shellmound Street, The Offices at Public Market offers direct visibility and access to I-80.  It is minutes from Interstate 580, Highway 24, the Amtrak Tran Station and two BART stations. It is also approximately eight miles east of downtown San Francisco and five miles north of downtown Oakland.
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EverWest Acquires Core-Plus Industrial Assets

West Valley Distribution Center Kent, WA

October 25, 2017

EverWest Real Estate Partners, in partnership with a western U.S. state pension fund, is pleased to announce the acquisition of West Valley Distribution Center, a portfolio of three industrial buildings totaling 138,296 square feet located in the heart of the desirable Kent Valley industrial submarket.
 
One building is located on West Valley Highway and two buildings are located on 72nd Avenue South in Kent, WA. While the portfolio is 100% leased at acquisition, there are a few lease expirations in the portfolio over the next few years which are expected to boost property income and returns.
 
Ryan Madson, Managing Director with EverWest, comments, "We are very excited to announce the acquisition of this industrial portfolio located in the in-fill market of Kent.  The portfolio is well positioned to be able to capitalize on the strong market conditions in the Kent Valley.  We can add value as spaces roll over in the next 30 months by bringing below market leases to market.  We would also like to recognize HFF investment sales team, lead by Michael Leggett, Scott Pertel and David Otis, who represented the Seller in this transaction.  EverWest is also excited to be working with the leasing team of Taylor Hoff, Arie Saloman and Jeff Forsberg with NAI Puget Sound Properties.  KG Investment Properties will provide property management services."    
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EverWest Acquires Value-Add Creative Office Investment

1925 East Maple El Segundo, California

October 11, 2017

EverWest Real Estate Partners, in partnership with Rifkin & Associates, Inc.,  is pleased to announce the acquisition of 1925 East Maple, a 42,000 square foot free-standing building situated on 2.4 acres of land well located within the dynamic El Segundo office market.
 
Originally constructed in 1954 as a manufacturing facility and occupied by Boeing since the late 1970's, EverWest plans to reposition the property into a one of a kind modern / creative office building as shown above.  The brick and steel frame structure along with 14'6" clear heights provide great bones from which the project architect, ShubinDonaldson, will create a truly unique work environment.  Project renovations will include significant indoor / outdoor amenity spaces, private entrances and the delivery of an abundance of natural light throughout the interiors.  Plans are under development and construction will commence January 2018 with a scheduled completion in mid-June 2018.
 
Erik Good, Managing Director with EverWest, comments, "We are excited for the opportunity to transform 1925 Maple into a state-of-the-art, boutique, creative office asset and deliver it's availability to the market place for the first time in over 40 years."    
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EverWest Acquires Class A Office Building

Seville Professional Center Scottsdale, Arizona

September 22, 2017

EverWest Real Estate Partners, in partnership with one of their private investors,  is pleased to announce the acquisition of Seville Professional Center, a one two-story building totaling 92,581 square feet located at 7001 North Scottsdale Road in Scottsdale, Arizona .
 
The Class A office building is situated on +4.005 net acres and is leased to a broad mix of entrepreneurs, investment-grade and blue chip tenants.  Seville Professional Center was built in 1990 and enjoys access to the adjoining Scottsdale Seville Shopping Center offering the best in restaurants, bars, boutiques, and luxury services.
 
Across the street from Seville Professional Center is the Ritz Carlton Paradise Valley development which is under construction and is expected to be completed in 2019.  This project is expected to be the premier resort destination in Arizona when delivered to the market.
 
Amr Ceran, Senior Director with EverWest, comments, "Seville's walkable amenities, attractive demographics, and the anticipated neighborhood transformation, as well as the value enhancements to the asset within our business plan will maintain and attract quality tenancy.  As such, Seville is a great compliment to the EverWest office portfolio and aligns with our targeted investment strategies."    
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EverWest Acquires Build-to-Core Industrial Site

Brandon Woods Industrial Park - Greater Baltimore, MD

August 24, 2017

EverWest Real Estate Partners is pleased to announce the acquisition of Brandon Woods, an infill site located approximately 7 miles from BWI airport; 2.5 miles to the Key Bridge and 2 miles to I-695. The site is the last parcel available within the 3.0M square foot Brandon Woods industrial park in Curtis Bay, MD, which was largely built out in the 1990's.  
 
The proposed project represents a 139 acre land site that will allow for the development of three state of the art industrial buildings totaling 900,000+ square feet (a 500k+ s.f., a 300k+ s.f., and a 100k+ s.f. building) in an A location with its own designated access.  The development will take place in a joint venture with highly respected and active development partner Chesapeake Real Estate Group. 
 
Mark Bigarel, Managing Director with EverWest, comments, "It has been a tremendous effort by all involved to bring this last large industrial parcel within the submarket into a position to break ground, and I am excited for our team to begin construction on these state of the art distribution facilities." 
 
EverWest acquired the asset on behalf of a separate account with an institutional investor.
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