John Morris, CBRE’s Executive Managing Director, spoke about low vacancy rates for industrial real estate space saying “(A) significant amount of new construction will be needed in the next few years just to keep pace with robust demand.” Demand for e-commerce remains high, representing 25% of new leases signed in the first quarter.
SMARTCAP Industrial Value Fund 3 is open for investments! Investors will participate in 50% of profits from Joint-Venture partnerships, as explained in the video above by SMARTCAP's Director of Acquisitions, Brian Burmester.
General Partner Promote Highlights:
To learn more about SMARTCAP Value Fund 3, please email investors@thesmartcapgroup.com.
It was announced recently that Iowa-based Principal Real Estate Investors is putting Bellevue’s Lincoln Plaza office property up for sale. The pricing guidance on the 148,652 SF property is approximately $78MM. Lincoln Plaza consists of three buildings and is located within the Eastside office market in Bellevue. Even amid the pandemic, this sub-market remained strong and is proving to be very resilient, with office rents up by 9% since the first quarter of 2020 and a number of transactions over the last year.
SMARTCAP, Inc. is excited to welcome our newest tenant to Evergreen Office Park! Bassler Consulting has signed a 39-month lease and will occupy a 1,446 SF suite that was recently renovated to include new carpet tiles, new casework and cabinets, new kitchen appliances, a paint refresh, and HVAC upgrades. Bassler Consulting manages, plans, and executes on financial strategies for high net worth families, individuals, and startups. Welcome to the neighborhood, Bassler!