Matthews™ Facilitates Sale of Industrial Service Facility in Washington

PORTLAND, OR— Matthews™, a commercial real estate investment services and technology firm, completed the sale of an 8,193-square-foot industrial service facility located at 6705 Northeast 117th Avenue in Vancouver, Washington. Matthews™ First Vice President & Associate Director Andrew Wiesemann represented the seller in the transaction, with Brian Brockman as the broker of record.

 

Adam Kowalski of Golden Bear Holdings executed a successful value-add strategy by acquiring the previously vacant asset and stabilizing the 4.23-acre property with a long-term lease to a national landscaping company. After achieving his business objectives and creating substantial value, Kowalski sold the property off-market to redeploy capital into new investment opportunities through a 1031 exchange.

 

Leveraging deep industry relationships, Matthews™ directly sourced the buyer, Alterra IOS, whose flexibility allowed for the specific timeline the seller required to identify a replacement property. Led by Parker Pearson, Alterra was drawn to the opportunity to acquire a stabilized asset with a credit tenant in a highly supply-constrained market. The Matthews™ agent structured an extended closing period and maintained close coordination to keep the transaction moving efficiently and ensure a seamless execution that met the strategic goals of both parties.

 

“Successful transactions are not just about matching a buyer and seller; they require understanding the motivations behind each side and creating a structure that supports them,” said Wiesemann. “Our role was to create a path that made sense for both parties and keep the transaction on track from start to finish.”

 

For more information, please contact Andrew Wiesemann or visit www.matthews.com.

 

Brian Brockman No. 27380 (WA)

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.