Acquisitions

Canyon Park Heights

July 16, 2014

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Purchased:

Nicola Crosby is pleased to announce the purchase of Canyon Park Heights, a 143,758 sf class A office building in Bothell, Washington, 30 minutes northeast of downtown Seattle. The property is 95% leased to credit tenants including Molina Healthcare of Washington, which occupies 75% of the building. Canyon Park is strategically located in the Technology Corridor, which is home to major employers such as T-Mobile, AT&T, Puget Sound Energy, The Seattle Times, Philips Medical Systems, Seattle Genetics, Boeing and Google.

Special Thanks To:
Listing: Andrew Miller – Kidder Mathews (Seattle)
Financing: Brian Bonipart & Mike Taylor – Newmark Realty Capital (Seattle)

For more information, please contact any of the following:

Mark Hannah
Mark Hannah Managing Director, Real Estate 778-383-6937
Alex Messina
Alex Messina Director of Acquisitions,
Real Estate 778-383-4020
Shaun Blythen Acquisitions Manager,
Real Estate 604-558-5500

About Nicola Wealth Real Estate

Nicola Wealth Real Estate is the in-house real estate division of Nicola Wealth.  Our team acquires and manages properties for Nicola Wealth’s real estate portfolios.  We are an experienced team with a disciplined approach, dedicated to building high quality real estate portfolios that are diversified both geographically and by asset type.

About SPIRE Real Estate Portfolios

SPIRE Real Estate LP is an investment portfolio comprised of retail, industrial, office, multi-family, seniors and self-storage properties totaling 3.7 million square feet located in major Canadian markets. SPIRE US LP is an investment portfolio comprised of office, retail and industrial properties located in Seattle, San Francisco, Denver, Phoenix, Houston and Chicago. The portfolio also includes interests in over 14,000 multi-family apartment units located in the South and Southeast US. SPIRE Value Add LP is a new addition to the SPIRE and SPIRE US investment portfolios and focuses on generating returns through re-sale of investments in multiple projects using “value-add strategies.”