B R I A N    B R U I N I N K S, CCIM
Principal
Brian Bruininks, CCIM is now a Partner at The Andover Company
Featured Properties
We are pleased to announce that Brian Bruininks, CCIM is The Andover Company's newest partner. Brian
joined The Andover Company after more than eight years with two national commercial real estate firms.  
Brian has spent the last twelve years leasing and selling industrial, office and investment properties in the
South King County / North Pierce County area.

His experience and business relationships with owners, tenants and brokers will help The Andover
company continue o serve your real estate needs for years to come.

Click here to read the entire press release.
Brian Bruininks, CCIM, and George Rockwell of The Andover
Company, Inc./Corfac International, have been selected by
Panattoni Development as the exclusive sale/leasing agents
for Auburn Park 277, a 141,970 SF warehouse/distribution
building in Auburn, Washington.  Completed in mid-2008,
Auburn Park 277 is designed as a multi-tenant building that
can accommodate up to four tenants. Currently there is
approximately 70,985 SF available. The other half of the
building is leased to Pacific Cascade. The property is listed for
sale for $11,000,000. “Auburn Park 277 provides an excellent
opportunity for an owner user looking to purchase a new, high
quality industrial building in the heart of the Kent Valley, the
Pacific Northwest largest distribution market,” Bruininks said.
Panattoni Development Selects The Andover Company for Auburn Project
Click here for the Auburn Park 277 flyer
700 Milwaukee Distribution Center Sold to Homecare Products
Brian Bruininks, CCIM and David Baumer of The Andover
Company represented the seller, TA Associates Realty, with
the disposition of 700 Milwaukee Distribution Center, a
109,475 square foot distribution center in Algona,
Washington.  Formerly occupied by Shaw Industries, 700
Milwaukee Distribution is a single tenant industrial building
featuring dock high and grade level loading, 24’ clear height
and a secured truck court.  Homecare Products purchased
the 700 Milwaukee building for $8,000,000 to consolidate
operations formerly located in Auburn, Washington.  
700 Milwaukee Avenue  •  Auburn, WA
4810 D Street NW  •  Auburn, WA
Brian Bruininks, CCIM, and Jeff Crane of The Andover
Company represented Favro Investments in the acquisition of
Federal Way Corporate Center, a 73,498 SF industrial
building in Federal Way, Washington, on April 30, 2008 for
$7.4 million.  Brian Bruininks, CCIM and Jeff Crane
represented the buyer in this transaction.  

Federal Way Corporate Center was constructed in 2000 and
was 100% leased at the time of sale to four tenants.
Federal Way Corporate Center - SOLD
34210 9th Avenue S  •  Federal Way, WA
Brian Bruininks, CCIM, and Jeff Crane of The Andover
Company are pleased to announce the sale of Clay Street
Business Park for $4,850,000.

Clay Street Business Park is a two-building, seven-tenant
industrial business park totaling 48,369 SF located in
Auburn, Washington.
Clay Street Business Park - SOLD
116 Clay Street NW  •  Auburn, WA
THE  ANDOVER
COMPANY, INC.
CORFAC   INTERNATIONAL
On behalf of Property Reserve, Inc., The Andover Company,
Inc. is pleased to announce that Encore Sales & Marketing
has leased 10,664 SF in Landing Center at Van Doren’s
Landing in Kent, Washington.

Brian Bruininks, CCIM, of The Andover Company, Inc./Corfac
International is the exclusive leasing agent for Landing Center
and represented the landlord in this transaction. Tony
Valentine of The Andover Company, Inc./Corfac International
represented Encore Sales & Marketing. Encore is relocating
their Seattle headquarters from Tukwila to Landing Center.
Encore Sales & Marketing Leases 10,664 SF at Landing Center in Kent
22407 68th Avenue S  •  Kent, WA
Metropolitan Hardwood Floors Relocates To New Kent Distribution Facility
Metropolitan Hardwood Floors (US) will soon be relocating to
Cabot Properties’ Cabot @ 216 building in Kent, Washington,
consolidating two existing Kent locations into one centralized
distribution facility totaling 62,150 square feet.  Brian Bruininks,
CCIM of The Andover Company, Inc./Corfac International
represented Metropolitan Hardwood Floors.  Bruininks has
worked on Metropolitan’s behalf for the past 8+ years, including
multiple facility expansions, lease extensions and the
procurement of new facilities in the Denver, CO and Omaha, NB
markets.  “Operational efficiencies and the reduction of facility
costs were the two main drivers in our decision to relocate,”
Bruininks said.  “A softer leasing environment provided us with
the opportunity to negotiate favorable lease terms.  In addition, a
more efficient layout at Cabot’s property allows Metropolitan to
shed about 12,000 square feet of warehouse space, further
reducing  their operating expenses.”

Originally founded in 1992 in Vancouver, Canada, Metropolitan
Hardwood Floors distributes an exclusive selection of premium
quality prefinished hardwood floors to markets throughout
Canada and the western USA.  In 1996, Metropolitan Hardwood
Floors (US), Inc. was formed to better serve customers in the US
markets.  Metropolitan’s Kent, Washington facility serves as the
company’s US headquarters and comprises a sales and
distribution center, technical training center and product
showroom. Metropolitan distributes its products to hardwood
flooring dealers across the western US, including Alaska and
Hawaii.  Two additional distribution centers are located in
Denver, Colorado and Omaha, Nebraska.  Metropolitan’s
commercial design division specializes in providing hardwood
flooring solutions for the architecture and interior design
community.
8030 S 216th Street  •  Kent, WA
Pacific Cascade Leases Remaining 48,885 SF at Auburn Park 277
On behalf of Panattoni Development, The Andover Company,
Inc./CORFAC International is pleased to announce that Pacific
Cascade has leased the remaining 48,885 square feet at
Auburn Park 277.  Auburn Park 277, a new high bay distribution
building totaling 141,970 square feet was completed by
Panattoni in June 2008.  Pacific Cascade initially leased 50% of
the building.   Brian Bruininks, CCIM and George Rockwell, SIOR
of The Andover Company, Inc./CORFAC International
represented Panattoni in this transaction.
4810 D Street NW  •  Auburn, WA
Washington State Features High on Rankings
In calculating its 2010 State Business Tax Climate Index, the non-profit non-partisan research
organization Tax Foundation finds Washington State to be one of the top 10 best states when it
comes to business taxes.

The foundation scores each state on a combination of indexes based on corporate, individual
income, sales, unemployment and property taxes. The result is a score of zero (worst) to 10 (best).
On this basis, Washington scores 5.81 for 2010, compared with 5.94 for 2009. Other states' scores
range from 7.42 to 3.6. Not unexpectedly, Washington receives the highest rating in the nation for
income tax but the lowest for sales tax. Good scores on the other taxes boost it to ninth position
overall.

Washington state weighs in at number 2 on Forbes magazine's latest ranking on the best states for
business, which measures six vital business categories - costs, labor supply, regulatory
environment, economic climate, growth prospects and quality of life. Our state is rated best in the
nation on growth prospects and features in the top five on labor supply, regulatory environment, and
economic climate.
Golden Viking Sports Leases 45,864 SF at Kent West Corporate Park
On behalf of RREEF, The Andover Company, Inc. is pleased to
announce that Golden Viking Sports has leased 45,864 SF in
Kent West Corporate Park, Building D.  Brian Bruininks, CCIM of
The Andover Company is the exclusive leasing agent for Kent
West Corporate Park and represented RREEF/RPH Industrial,
the landlord, in this transaction.

Golden Viking Sports acquired the Diadora brand soccer license
for the U.S. in late 2009.  Since 1983, Diadora has been
providing the U.S. soccer market with high-quality footwear,
apparel and gear.  Golden Viking Sports acquired the license to
distribute Diadora brand products after the recent sale of
Italy-based Diadora S.p.A. to Italian holding company LIR.
21929 67th Avenue S  •  Kent, WA
Winter 2011 Andover Industrial Newsletter Now Available
Please click below for the link to the newsletter:
Winter Industrial Newsletter
CORFAC Ranks in Top 12 Commercial Real Estate Companies
The selection criteria included sector involvement, business area focus, geographic concentration,
longevity, growth and revenue.

Click here to read the full article at Multi-Housing News.
The Andover Company Receives CoStar Power Broker Award
The Andover Company received the CoStar Power Broker award
as a top leasing firm in the Seattle/Puget Sound market for the
ninth year in a row. The award recognizes the hard work of firms
that achieved the highest transaction volumes in 2010.

In addition to being recognized as a firm, Andover agent
Connie
Boyle, CCIM,
was awarded an individual Power Broker
designation as one of Puget Sound's top retail brokers for 2010.

Click here to read the full article on CoStar's website.
Puget Sound Industrial Market Stats, First Quarter 2011
The Puget Sound Industrial market ended the first quarter 2011 with a vacancy rate of 8.1% compared to
8.4% at the end of the fourth quarter 2010. This represented a positive absorption of 848,784. We
anticipate a slow decrease in vacancies over the next two to three years.  Rents should remain relatively
flat into 2013.

Click here to read the full article.
Kent West Corporate Park 100% Occupied
On behalf of DEXUS Property Group, The Andover Company/
CORFAC International is pleased to announce recently
completed leases totaling approximately 152,811 square feet at
Kent West Corporate Park.  Leasing included lease renewals
with Graybar Electric and Forward Air and one new lease totaling
47,821 square feet to an undisclosed tenant.  Kent West is
currently 100% occupied .  Brian Bruininks, CCIM of The Andover
Company represented the landlord, DEXUS Property Group in
these transactions.

Click here to read the full press release.
Kent West CP  •  Kent, WA
140,810 Square Feet Leased at Kent West Corporate Park
On behalf of DEXUS Property Group, The Andover Company/
ORFAC International is pleased to announce recently completed
leases totaling approximately 140,810 square feet at Kent West
Corporate Park. Recent deals included lease renewals with
Graebel and the relocation/expansion of Firstech into 30,700
square feet formerly occupied by Amsafe Bridport. We would like
to thank Chris Spofford of Jones Lang LaSalle for assisting
Graebel. We would also like to thank Tony Rona of Flinn
Ferguson for his efforts in representing Firstech with their
relocation/expansion. Kent West is currently 99% occupied.
Brian Bruininks, CCIM of The Andover Company represented the
landlord, DEXUS Property Group, in these transactions.
Kent West CP  •  Kent, WA
The Andover Company Closes 10 Deals Covering 131,200 Square Feet
Click here to read the full press release.
Summer 2011 Andover Industrial Newsletter Now Available
Please click below for the link to the newsletter:
Summer Industrial Newsletter
The Andover Company Wins Representation of 47+ Acre Land Parcel
Click here to read the full article.
The Andover Company Closes 19 Deals Covering 222,305 Square Feet
Click here to read the full press release.
Investors Weigh In on Outlook for 2012
CCIM, 10/26/2011

U.S. investors should prepare for commercial real estate’s sluggish growth rate to continue in 2012,
according to the 33rd annual Emerging Trends in Real Estate® 2012, a joint report from
PricewaterhouseCoopers and the Urban Land Institute that surveys 950 commercial real estate industry
executives.   

For the complete article, please click the title heading above.

Source:  
CCIM.com
Investors Weigh In on Outlook for 2012
The Andover Company Closes $6.5 Million Industrial Building Sale
Brian Bruininks, CCIM and Brian Dennehy represented
Cabot Industrial Fund III in the acquisition of an 86,675
square foot industrial building located at 1516 Fryar
Avenue, Sumner, WA. The purchase price was $6.5 million.
Kent West CP  •  Kent, WA
The Andover Company Closes 8 Deals Covering Over 191,000 Square Feet
Click here to read the full press release.
The Andover Company Closes 15 Deals Covering Over 123,000 Square Feet
Click here to read the full press release.

•        Brian Bruininks, CCIM and Dave Baumer represented lessor Realty Associates Fund VIII in their
lease with lessee
NW Auto for 4,000 square feet of industrial space at Pacific Business Park, located at
8627 S. 212th Street, Kent, WA.   

•        
Brian Bruininks, CCIM and Dave Baumer represented lessor Realty Associates Fund VIII in their
lease with lessee
Ames Tools for 4,000 square feet of industrial space at Pacific Business Park, located
at 8613 S. 212th Street, Kent, WA.  

•        
Sean Durkin and Brian Bruininks, CCIM represented lessee Diamond Freight Systems, Inc in their
lease with lessor
LIT Finance, LLC for 2,880 square feet of industrial space at SeaTac Industrial Park,
located at 19024 13th Place S., SeaTac, WA.  

•        
Brian Bruininks represented lessor Emutt Holdings LLC in their lease to lessee Ecco Design for
1,067 square feet of industrial space at
Emutt Holdings Building, located at 203 N. 36th Street, Suite 203,
Seattle, WA.
The Andover Company Closes 12 Deals Covering Over 164,000 Square Feet
Click here to read the full press release.

•        Brian Bruininks, CCIM and Dave Baumer represented lessor Realty Associates Fund VIII in its lease
with Kelley Imaging Systems for 17,838 square feet of industrial space at Pacific Business Park, located
at 8725 S. 212th Street, Kent, WA.
The Andover Company Closes $10.46M Property Sale in Kent
California-based Orchard Partners LLC and Morgan Stanley Real Estate Investing paid Sciola Family
Properties $10.46 million for the Creekside Distribution Center in Kent.   

Dave Baumer, Brian Bruininks, CCIM, and George Rockwell, SIOR of the Andover Co. handled the
transaction for the parties.  

To read the full article, click here.
The Andover Company Closes 22 Deals Covering Over 248,634 Square Feet
Click here to read the full press release.

Included in the deal summary, Brian Bruininks, CCIM completed six of these leases totaling 126,377
square feet.  

“We saw an uptick in activity in December, which is somewhat unusual going into the holidays.  I think the
majority of the users that had new deals or renewals in play wanted to finalize agreements prior to the
holiday break,” Bruininks said.  “We expect industrial market activity in to improve 2012, albeit slowly.  
Certain market segments should lead the way, especially industrial properties that cater to the aerospace
industry.  General industrial properties may find it slower going because job growth and consumer
spending have been relatively flat.  Approximately 75-80% of the Kent Valley industrial market is tied to the
general distribution and industrial service sectors.  Until we see a sustainable trend in job growth and
consumer spending, most general industrial users will continue to be conservative in their facility
planning for 2012 and 2013.”  
Andover Represents Orchard Partners/Morgan Stanley in Acquisition of
Creekside Distribution Building for $10.46 million
The Andover Company, Inc./CORFAC International, a  leading  full-service commercial real estate provider
serving the Seattle/Puget Sound market, today announced the completion of the sale of an industrial
building located at 18805 80th Place South. The Class A Kent Valley industrial property measures
135,300 square feet and is currently occupied by one tenant.  

The property was sold by Sciola Family Properties to Orchard Partners and Morgan Stanley Real Estate
Investing for $10.46 million.

Click here to read the full article.
Commercial Real Estate Investment Conditions Rise Across All Sectors
Investment conditions ratings rose for all commercial real estate property sectors at the end of 2011,
according to CCIM Institute and Real Estate Research Corp.’s 1Q12 RERC/CCIM Investment Trends
Quarterly. “CCIM members gave apartments their highest rating at 7.5 percent on a scale of 1 to 10, with
10 being high. This is a very solid rating, and investors will find it hard to go wrong with this property type,
given pent-up demand for new household formation,” said Kenneth P. Riggs Jr., CCIM, CRE, MAI, chief
real estate economist for the CCIM Institute and chairman and president of Real Estate Research Corp.

Click here to read the full article.
The Andover Company/Brian Bruininks, CCIM Recognized by Costar –
2011 Power Broker Award
The Andover Company received the CoStar Power Broker award
as a top leasing firm in the Seattle/Puget Sound market for the
tenth year in a row. The award recognizes the hard work of firms
that achieved the highest transaction volumes in 2011.

In addition to being recognized as a firm, Andover agent
Brian
Bruininks, CCIM,
was awarded an individual Power Broker
designation as one of Puget Sound's top industrial brokers for
2011. Bruininks was also recognized by CoStar in 2006 and
2009.

Click here to read the full article on CoStar's website.
The Andover Company Closes 23 Deals Covering Over 371,000 Square Feet
Click here to read the full press release.

Included in the deal summary, Brian Bruininks, CCIM completed two of these leases totaling 152,739
square feet, including a renewal for 146,239 square feet between tenant Flow International and Van
Doren's Landing Center, located at 23500 64th Ave. S., Kent, WA.
Two Leases Totaling 24,655 SF Signed at Pacific Business Park in Kent
Click here to read the Pacific Business Park leasing update.

On behalf of TA Associates Realty, The Andover Company/CORFAC International is pleased to announce
the recently completed 14,155 square foot lease with ALF Logistics at Pacific Business Park and the
10,500square foot lease with Big Sea Logistics. On behalf of TA Associates and The Andover Company,
we would like to thank Jason Wilcox, CCIM at Real Estate Investment Services for assisting ALF with their
relocation to Pacific Business Park.  We also want to thank Jeff Jagosh for assisting Big Sea Trading.  
Dave Baumer and Brian Bruininks, CCIM of The Andover Company represented the landlord, TA
Associates, in these transactions.
Two Leases Totaling 18,790 SF Signed at Earlington Business Park in Kent
Click here to read the Earlington leasing update.

On behalf of Prologis, The Andover Company/CORFAC International is pleased to announce that Global
Granite relocated/expanded into 11,590 square feet in Suite 780 at Earlington Business Park.
MRE/Diversification leased 7,200 square feet inSuite 1010.  We would like to thank Scott Alan and Matt
Glade of Colliers International for assisting Global Granite with their relocation within Earlington Business
Park.   We would also like to thank Jim Kidder and Ted McCaffray of Kidder Mathews for bringing
MRE/Diversification Inc. to Earlington Business Park. BrianDennehy and Brian Bruininks, CCIM, of The
Andover Company represented Prologis in this transaction.
Although the development cycle for new industrial product in Seattle, WA has yet to begin, the
general expectation is to see projects announced in the coming year because the market is close
to the tipping point for speculative building.

Read the full article on CORFAC International's website here.
Seattle Industrial Market Update by Brian Bruininks, CCIM
Click here to read the Market Segmentation and Transaction
Summary report detailing recent news in the Kent Valley market and
a market overview.
1st Quarter 2012: Kent Valley Overview
On behalf of Prologis, The Andover Company/CORFAC
International is pleased to announce that Anderson Paper leased
14,400 square feet in Suite 810/820 at Earlington Business Park.

Click here to read the full release.
Anderson Paper Lease Brings Earlington/Blackriver to 100% Leased
The Andover Company Closes 22 Deals Covering Over 173,000 Square Feet
Click here to read the full press release.

Brian Dennehy and Brian Bruininks, CCIM, represented lessor Prologis in their lease to Anderson Paper
for 14,400 square feet of industrial space at
Earlington Business Park, located at 810-820 Thomas
Avenue, Renton, WA.

Dave Baumer and Brian Bruininks, CCIM, represented lessor The Realty Associates Fund VIII in their
lease to
ALF Logistics for 14,155 square feet of industrial space at Pacific Business Park, located at
8649 S. 212th Street, Kent, WA.

Brian Bruininks, CCIM, represented Property Reserve, Inc. in their lease to Pro-Mail Associates for
12,227 square feet of industrial space at
Van Doren’s Landing Center, located at 22404 66th Avenue S.,
Kent, WA.

Dave Baumer and Brian Bruininks, CCIM, represented lessor The Realty Associates Fund VIII in their
lease to
Anderson Electric Controls for 10,500 square feet of industrial space at Pacific Business Park,
located at 8639 S. 212th Street, Kent, WA.

Brian Bruininks, CCIM, and Sean Durkin represented lessor Property Reserve, Inc. in their lease to
Chesapeake Pacific Holdings LLC dba Craters & Freighters of Seattle for 8,937 square feet of industrial
space at
Van Doren’s Landing Center, located at 22431 68th Avenue South, Kent, WA.

Sean Durkin, Brian Bruininks, CCIM, and Dave Baumer represented Spec Chem in their lease with
lessor
West Valley Business Park for 1,225 square feet of industrial space at West Valley Business
Park
, located at 6644 S. 196th Street, Suite T-104, Kent, WA.
The Andover Company Closes 20 Deals Covering Over 169,000 Square Feet
Click here to read the full press release.

Brian Dennehy and Brian Bruininks, CCIM, represented lessor Prologis in their lease to Global Granite,
Inc.
for 11,590 square feet of industrial space at Earlington Business Park, located at 780 Thomas
Avenue, Renton, WA.

Dave Baumer and Brian Bruininks, CCIM, represented lessor The Realty Associates Fund VIII in their
lease to
Big Sea Trading for 10,500 square feet of industrial space at Pacific Business Park, located at
8641 S. 212th Street, Kent, WA.

Brian Dennehy and Brian Bruininks, CCIM, represented lessor Prologis in their lease to Diversification,
Inc.
for 7,200 square feet of industrial space at Earlington Business Park, located at 1010 Thomas
Avenue, Renton, WA.
The Andover Company Closes 20 Deals Covering Over 169,000 Square Feet
Click here to read the full press release.

Brian Bruininks, CCIM, represented lessor RPH Industrial Trust in their lease to JFC International for
35,100 square feet of industrial space at
DEXUS Riverbend, located at 8005 S. 266th Street, Suite 104,
Kent, WA.

Brian Bruininks, CCIM, represented lessor RPH Industrial Trust in their lease to Domino’s Pizza for
34,090 square feet of industrial space at
DEXUS Riverbend, located at 8005 S. 266th Street, Kent, WA.

Brian Bruininks, CCIM, represented lessor RPH Industrial Trust in their lease to American Power
Systems
for 14,250 square feet of industrial space at DEXUS Riverbend, located at 26507 79th Avenue
S., Building C, Kent, WA.

Brian Bruininks, CCIM, represented lessor RPH Industrial Trust in their lease to Public Safety for 12,100
square feet of industrial space at
DEXUS Riverbend, located at 8005 S. 266th Street, Suite 108, Kent, WA.

Brian Bruininks, CCIM, represented lessor Property Reserve, Inc. in their lease to Armstrong Cabinets
for 8,932 square feet of industrial space at
Landing Center, located at 22415 68th Avenue S., Building A,
Kent, WA.

Brian Bruininks, CCIM, represented lessor RPH Industrial Trust in their lease to Brooks Equipment
Company
for 4,000 square feet of industrial space at DEXUS Kent West, located at 22009 68th Avenue S,
Kent, WA.
The Andover Company Closes 14 Deals Covering Over 145,000 Square Feet
Click here to read the full press release.

Brian Bruininks, CCIM, and Sean Durkin represented lessor RPH Industrial, LLC in their lease to Ethan
Allen
for 21,622 square feet of industrial space at Kent West Corporate Park, located at 21804 64th
Avenue S, Kent, WA.   

Brian Bruininks, CCIM, represented Metropolitan Hardwood Floors in their lease with lessor Research
Interchange One
for 10,800 square feet of industrial space at Research Interchange One, located at
9330 United Drive, Suite 160, Austin, TX.   

Brian Bruininks, CCIM, represented lessor Property Reserve, Inc. in their lease to Interstate Plastics for
10,708 square feet of industrial space at
Landing Center, Building A, located at 22431 68th Avenue S,
Kent, WA.   

Brian Bruininks, CCIM, and Dave Baumer represented lessor The Realty Associates Fund VIII in their
lease to
Thomasville/Samalco for 9,487 square feet of industrial space at Pacific Business Park, located
at 8731 S. 212th Street, Kent, WA.   

Brian Bruininks, CCIM, and Dave Baumer represented lessor The Realty Associates Fund VIII in their
lease to
PaperPlus for 6,000 square feet of industrial space at Pacific Business Park, located at
8625-8627 S. 212th Street, Kent, WA.
The Andover Company/Brian Bruininks, CCIM Recognized by Costar –
2012 Power Broker Award
The Andover Company received the CoStar Power Broker award
as a top leasing firm in the Seattle/Puget Sound market for the
eleventh year in a row. The award recognizes the hard work of
firms that achieved the highest transaction volumes in 2012.

In addition to being recognized as a firm, Andover agent
Brian
Bruininks, CCIM,
was awarded an individual Power Broker
designation as one of Puget Sound's top industrial brokers for
2012. Bruininks was also recognized by CoStar in 2006, 2009,
and 2011.

Click here the full article on CoStar's website.
The Andover Company Closes 21 Deals Covering Over 190,000 Square Feet
Click here to read the full press release.

Brian Bruininks, CCIM represented Herzog Industries in their lease with lessor Sebco for 21,671 square
feet of industrial space at
Lindal Corporate Park, located at 4344 S. 104th Place, Seattle, WA.

Brian Bruininks, CCIM represented lessor Olsen Family Investments in their lease to Conrad
Manufacturing
for 11,820 square feet of industrial space at the Olsen Building, located at 22 42nd Street,
Suite B, Auburn, WA.

Brian Bruininks, CCIM, and Sean Durkin represented lessor RPH Industrial, LLC in their lease to Seven,
LLC
for 9,475 square feet of industrial space at DEXUS Kent West, located at 21909 and 22009 68th
Avenue S., Kent, WA.

Brian Bruininks, CCIM, and Sean Durkin represented sublessor Nestor Sales in their sublease to RBA
Furniture
for 6,500 square feet of retail space at West Valley Business Park, located at 18625 72nd
Avenue S., Kent, WA.
The Andover Company Closes 8 Deals Covering Over 231,000 Square Feet
Click here to read the full press release.

Dave Baumer and Brian Bruininks, CCIM, assisted The Realty Associates Fund
VIII
in their sale of Pacific Business Park for $18,500,000.  The buyer, Northwest Building Corporation,
retained Brian and Dave as the exclusive leasing agents. Pacific Business Park is a 176,000 square foot
industrial park located at 8601-8747 S. 212th Street, Kent, WA.

Brian Bruininks, CCIM, and Sean Durkin represented Metropolitan Hardwood
Floors
in their lease with lessor PS Business Parks for 24,000 square feet of industrial
space at
212th Business Park, Business D, located at 7815 S. 208th Street, Kent, WA.

Brian Bruininks, CCIM, and Sean Durkin represented sublessor Nestor Sales in their
sublease to
RBA Furniture for 6,500 square feet of industrial space at West Valley
Business Park
, located at 18625 72nd Avenue S., Kent, WA.
The Andover Company Closes 25 Deals Covering Over 238,000 Square Feet
Click here to read the full press release.

Brian Bruininks, CCIM, and Sean Durkin represented lessor Falcon Kent LLC in their lease to GSSC, Inc.
for 21,591 square feet of industrial square feet at
Riverbend Commerce Center, located at 26511 79th
Avenue S, Kent, WA.

Brian Bruininks, CCIM, represented lessee Nestor Sales LLC in their lease with Gateway Olympia for
17,200 square feet of industrial space at
Southcenter South, located at 18360 Olympia Avenue S,
Tukwila, WA.

Brian Bruininks, CCIM, and Dave Baumer represented lessor Kent Pacific Business Park LLC in their
lease to
Chef’s Warehouse West Coast for 10,500 square feet of industrial space at Pacific Business
Park
, located at 8643 S. 212th Street, Kent, WA.

Jeff Crane and Brian Bruininks, CCIM, represented lessor Favro Investments, LLC in their lease to
Olympic Aerospace for 8,224 square feet of industrial space at Federal Way Corporate Center, located
at 34210 9th Avenue S., Suite 116, Federal Way, WA.
Puget Sound and Kent Valley/North Pierce County Market Review:  
Review 2012-2013
2012 year end vacancy dropped to 6% in the Puget Sound. Kent Valley vacancy ended the year at 6.6%
and Kent Valley flex vacancy was 16.9%. Investment activity and appetite continues to be strong,
especially for Class A bulk distribution product. Cap rates for bulk distribution product have dropped
below 6% for Class A assets.

For more information,
click here to read the full article.
Coast Aluminum Leases 135,300 SF at Creekside Distribution Center
The Andover Company/CORFAC International is pleased to
announce the recently completed 135,300 square foot
lease with Coast Aluminum and Architectural Inc. at
Creekside Distribution Center. Brian Bruininks, CCIM, and
Dave Baumer of The Andover Company represented the
landlord, Morgan Stanley Real Estate, in this transaction. If
you have any questions, please do not hesitate to contact
Brian or Dave.

For more information,
click here to read the full article.
FedWay Center Medical and
Professional Campus
15,000-60,000+ SF

New Development/Build to Suit

Click here for the Fedway Center
Flyer.
The Andover Company Closes 11 Deals Covering Over 82,452 Square Feet
Click here to read the full press release.

Dave Baumer and Brian Bruininks, CCIM represented Northwest Building Corporation in their lease to
GRACO for 14,155 square feet of industrial space at Pacific Business Park, located at 8635 S. 212th
Street, Kent, WA.

Dave Baumer and Brian Bruininks, CCIM represented Kirkland Land LLC in the sale of a 7,892 square
foot industrial building to
Peripheral Visions for $792,000. The building is located at 500 26th Street,
Auburn, WA.

Sean Durkin and Brian Bruininks, CCIM represented Frederick W. Sargent in the sale of a 4,012 square
foot office building to
Hua Allen Chen for $600,000. The building is located at 10915 SE 176th Street,
Renton, WA.
The Andover Company Recognized by CoStar –
2013 Power Broker Award
The Andover Company received the CoStar Power Broker award
as a top leasing firm in the Seattle/Puget Sound market for the
12th year in a row. The award recognizes the hard work of firms
that achieved the highest transaction volumes in 2013.

Click here the full list of recipients on CoStar's website.
The Andover Company Closes 13 Deals Covering Over 216,000 Sq. Feet
Click here to read the full press release.

Brian Bruininks, CCIM, represented lessor LIT Industrial LP in their lease to International Auto Logistics
LLC
for 106,427 square feet of industrial space at Algona I Distribution Center, located at 654 Milwaukee
Avenue N, Algona, WA.

Brian Dennehy and Brian Bruininks, CCIM, represented lessor Michael D. Ramage in their lease to Little
Pearls Kids Dentistry
for 2,230 square feet of office space at the Drachen Building, located at 1905
Queen Anne Avenue N, Seattle, WA.
The Andover Company Closes 37 Deals Covering Over 515,000 Sq. Feet
Click here to read the full press release.

Brian Bruininks, CCIM, represented lessor Property Reserve, Inc. in their lease to Interstate Plastics for
19,645 square feet of industrial space at
Landing Center, Building A, located at 22435 and 22431 68th
Avenue S., Kent, WA.

Dave Baumer and Brian Bruininks, CCIM, represented lessor Northwest Building Corporation in their
lease to
Rosellini Distribution, also represented by Dave Baumer, for 6,850 square feet of industrial
space at
Pacific Business Park, located at 8637 S. 212th Street, Kent, WA.

Brian Bruininks, CCIM, represented lessor Property Reserve, Inc. in their lease to Critical Care Systems
for 5,574 square feet of industrial space at
Landing Center, Building D, located at 22623 68th Avenue S.,
Kent, WA.

Dave Baumer and Brian Bruininks, CCIM, represented Northwest Building Corporation in their lease to
West Technology for 3,000 square feet of industrial space at Pacific Business Park, located at 8605 S.
212th Street, Kent, WA.

Brian Bruininks, CCIM, represented lessor Falcon Kent LLC in their lease to Signs By Tomorrow for
2,250 square feet of industrial space at
Kent West Corporate Park, Building A, located at 20005 68th
Avenue S., Kent, WA.
Brian Bruininks, CCIM, Closes Two Industrial Building Sales in Kent Valley
Brian Bruininks, CCIM, represented the seller in the sale of Algona II Distribution Center, located at
701-851 Milwaukee Avenue N, Algona, WA. The property sold for $28,253,716 ($107.31/SF).

Brian Bruininks, CCIM, represented Terreno Realty Corporation in their acquisition of the Cabot 216
Building
, located at 8030-8106 S. 216th Street, Kent, WA. Brian also represented the seller, Metropolitan
Hardwood Floors (US), Inc.
The property sold for $9,213,660 ($86.18/SF).
The Andover Company, Inc. Releases Its Q3 Industrial Market Report
The Andover Company, Inc. released its Q3 Industrial Market Report. The
report features Puget Sound industrial market statistics and can be
downloaded
here.

Past newsletters can be found
at our website.
Pacific Business Park
3,000 SF Spaces

High-end office showroom and
warehouse.

Click here for the Pacific
Business Park Flyer.
Construction Finally Catching Up With Demand in U.S. Logistics Sector
A string of quarterly declines in the U.S. warehouse and logistics vacancy rate stretching back to 2009
ended in the third quarter as a rising wave of construction added more space than was leased by tenants.

The U.S. logistics vacancy rate remained unchanged at 8.1% in the third quarter of 2015, the first quarter
since the beginning of the economic recovery that vacancies have not compressed from the previous
quarter.

Read the full article at
CoStar News.
Centerpointe Business Park
1,041-10,353 SF

Class A Office and Flex

Click here for the Centerpointe
Business Park flyer.
The Andover Company, Inc. Selected as the New Leasing Team for
Centerpointe Business Park in Kent, WA
Mike Hemphill and Brian Bruininks, CCIM have been selected by
Morrison Street Capital as the new leasing team for Centerpointe.  The
project, built in 1987, is comprised of two story Class A office space
and single story flex industrial space.  The flex industrial space is
100% leased.  

Currently, multiple office suites are available from 1,041 square feet up
to 10,353 square feet.  Centerpointe is located one block off West
Valley Highway at the north end of Kent, 5 minutes from Southcenter
Mall, Valley Medical Center and the Tukwila Amtrak/Sounder train
station. Starbucks and other restaurants are located across the street.

Click here to view the flyer.
The Andover Company is pleased to announce the recent sale of
Federal Way Corporate Center, in Federal Way, Washington for $7.6
million to Cabot Properties.  

The industrial business park, built in 2001, is leased to three tenants
and totals 73,498 square feet.  Brian Bruininks, CCIM and Jeff Crane
represented the buyer and seller in the sale.  Cabot has retained Brian
and Jeff as their leasing agents.
The Andover Company, Inc. Sells Federal Way Corporate Center
Construction Finally Catching Up With Demand in U.S. Logistics Sector
Brian Bruininks, CCIM of The Andover Company represented
Greensource Brand Apparel with their lease extension and expansion
at Kent East Corporate Park in Kent, Washington.
68,410 Square Foot Lease Completed at Kent East Corporate Park
The Andover Company is pleased to announce the recent sale of
Federal Way Corporate Center, in Federal Way, Washington for $7.6
million to Cabot Properties.  

The industrial business park, built in 2001, is leased to three tenants
and totals 73,498 square feet.  Brian Bruininks, CCIM and Jeff Crane
represented the buyer and seller in the sale.  Cabot has retained Brian
and Jeff as their leasing agents.
The Andover Company, Inc. Sells Federal Way Corporate Center
Jim Bisset and Mike Hemphill worked as the local brokers on
the sale, assisting the Palmer Group with the disposition for
Blackrock Realty Advisors.  The Andover Company has been
retained as the exclusive leasing agents by the buyer,
Redwood-Kairos Real Estate Partners.  The sale price was $45
million.  Blackrock purchased the project nine years ago for
$31.2 million.  The project was 100% leased at the time of sale.  

For the full story, click here.
The Landmark Office Sale Largest Office Sale in Renton in 2015
The Andover Company Closes 37 Deals Covering Over 515,000 Sq. Feet
Click here to read the full press release.

Brian Bruininks, CCIM represented Greensource Brand Apparel in their lease with lessor RREEF
America REIT II
for 68,410 square feet of industrial space at Kent East Corporate Park, located at 21430
86th Avenue S, Kent, WA.

Brian Bruininks, CCIM represented lessor Falcon Kent LLC in their lease to Dominos Master Issuer LLC
for 45,200 square feet of industrial space at
Riverbend Commerce Center, Building E, located at 8005 S.
266th Street, Kent, WA.

Brian Bruininks, CCIM represented Domino’s Pizza in their lease with lessor Nikolov Properties LLC for
43,500 square feet of industrial yard at
8300 S. 266th Street, Kent, WA.

Brian Bruininks, CCIM represented lessor Falcon Kent LLC in their lease to Outerwall Inc. for 36,250
square feet of industrial space at
Kent West Corporate Park, Building C, located at 6601 S. 220th Street,
Kent, WA.

Brian Bruininks, CCIM and Jeff Crane represented lessor Favro Investments LLC in their lease to
Sagemax/First Zirconia for 33,072 square feet of industrial space at Federal Way Corporate Center,
located at 34210 9th Avenue S, Suites 103, 105, 110, 112 and 114, Federal Way, WA.

Brian Bruininks, CCIM and Jeff Crane represented lessor Favro Investments LLC in their lease to
Chrysalis for 32,202 square feet of industrial space at Federal Way Corporate Center, located at 34210
9th Avenue S, Suite 116, Federal Way, WA.

Brian Bruininks, CCIM, Dave Baumer, and Mike Hemphill represented lessor Northwest Building
Corporation
in their lease to CBPI LLC, represented by Mike Hemphill and Shane Crook, for 13,169
square feet at
Pacific Business Park, located at 8725 S. 212th Street, Kent, WA.

Brian Bruininks, CCIM and Dave Baumer represented lessor Northwest Building Corporation in their
lease to
Distribution Systems for 11,700 square feet at Pacific Business Park, located at 8733 S. 212th
Street, Kent, WA.

Brian Bruininks, CCIM and Dave Baumer represented lessor Northwest Building Corporation in their
lease to
Airways Brewing for 9,008 square feet at Pacific Business Park, located at 8611 S. 212th
Street, Kent, WA.

Brian Bruininks, CCIM and Jeff Crane represented lessor Favro Investments LLC in their lease to
Olympic Aerospace for 8,224 square feet of industrial space at Federal Way Corporate Center, located
at 34210 9th Avenue S, Suite 116, Federal Way, WA.
The Andover Company Closes 30 Deals Covering Over 733,000 Sq. Feet
The Andover Company and Brian Bruininks Recognized by CoStar –
2015 Power Broker Awards
The Andover Company received the CoStar Power Broker award
as a top leasing firm in the Seattle/Puget Sound market for the
13th year in a row. The award recognizes the hard work of firms
that achieved the highest transaction volumes in 2015.

In addition to being recognized as a firm, Andover partner
Brian
Bruininks, CCIM,
was awarded an individual Power Broker
designation as one of Puget Sound's top industrial brokers for
2015. Bruininks was also recognized by CoStar in 2012, 2011,
2009 and 2006.

Click here the full list of recipients on CoStar's website.
Direct 206.336.5324      Cell 206.856.6249      Email Brian      900 SW 16th Street, Ste 100, Renton, WA 98057