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Company, Retail

Capacity Commercial Group are pleased to announce the closing of 101 & 111 SE Columbia Way in Vancouver, Washington – a 2+ acre waterfront site for a proposed mixed-use development, Renaissance Boardwalk by Kirkland Development, a local Vancouver-based development firm also responsible for the brand-new Hotel Indigo & Kirkland Tower at the Waterfront and multiple other Portland and Vancouver-area projects. 

  

Kirkland plans to build approximately 310,000 total sq. ft. of buildings, including 221 multifamily units and 110,000 sq. ft. of three-story mixed-use buildings that will include office space, retail and restaurant space. Additionally, an underground parking garage with 309 spaces and a heavy investment in EV charging amenities is proposed.

  
  The buildings will meet the LEED Gold certification standard - the second-highest level possible.
 

A 15-foot-wide public walkway – called the “Renaissance Boardwalk” –  is proposed along the river’s edge as part of the development, and would connect the existing waterfront trails to the east and west.

  

This 2.03 acre plot is well-situated directly east of the I-5 bridge just steps away from Vancouver’s new Waterfront development on the other side of the bridge which George Diamond and Nicholas Diamond sold multiple blocks in.  Capacity Commercial will continue to work with Kirkland Development on the leasing of The Renaissance Boardwalk.

  

Renaissance Boardwalk project, which will add 230 apartments to the waterfront, plus restaurants, retail space and public access along the river.

  

Longtime local fixture Who-Song & Larry’s restaurant is part of the plan, both now and in the future, according to Kirkland.

  

“We look forward to being a part of this exceptional new development,” said Randy Sharpe, CEO of Xperience Restaurant Group, which owns the Mexican-style eatery. Who-Song & Larry’s plans to remain open during the construction project.

  

As envisioned, the project will include two main buildings totaling about 400,000 square feet. An underground parking structure will include up to 100 charging stations for electric vehicles. As part of its development agreement with the city of Vancouver, the project will be built to a LEED Gold level of energy efficiency and sustainability standards.

  

Public amenities will include a new boardwalk section of the Waterfront Renaissance Trail that will connect to the proposed Lewis and Clark Regional Trail. The building’s public lobby will display the first land survey marker in the state of Washington, which is currently on the site and will be saved.

  

“This site has importance historically and is a place of significance on our waterfront. The Renaissance Boardwalk will be a gathering site for visitors and residents alike,” said Dana Gardner, director of project development for Kirkland Development.

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Company, Industrial, Investments, Sale
George Diamond, Nicholas Diamond, Allen Patterson, SIOR, and Scott Miller at Capacity Commercial Group are pleased to announce the closing of 7000 S. 10th Street in Ridgefield, WA. George and Nick represented the buyer while Allen and Scott represented the Seller. 

This 112,256 SF recent-construction warehouse property sits on 6.4 acres in the area's fastest-growing industrial park. The three occupants (national and regional operators) all have long-term leases.

Completed in 2019, the asset has 9 dock doors, 3 grade doors, 3-phase 2,500 amp power, and 30' clear height. Located in a growing industrial park in the up-and-coming city of Ridgefield, the property also has ample parking in relation to its area.

Truly a standout amongst new-construction industrial offerings, the property sets a strong benchmark for sales performance of industrial investments in the area.

As part of the sale, The Diamond Team spearheaded an investment group to purchase the property for a strategic long-term hold.

For more information, please contact: 

George Diamond
503.222.2178
gdiamond@capacitycommercial.com

Nicholas Diamond
503.222.2655
ndiamond@capacitycommercial.com

Allen Patterson, SIOR
503.542.4347
allen@capacitycommercial.com

Scott Miller
503.517.9872
scottm@capacitycommercial.com
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Company, Office, Sale, Tenant Represenation

Elliot Rask and McCoy Doerrie facilitated an exciting off-market acquisition for an 11,490 SF office and medical building in the heart of Tigard. North Point Wealth Management bought the property during a period of extremely limited supply. Thanks to the leveraged knowledge and expertise of Elliot and McCoy, North Point was able to secure a well-located facility under an SBA loan with low interest rates.

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Company, Construction Management, Industrial, Investments, Landlord Representation, Lease, Sale

Crystal Finch Logistics, located at 7220 NE 47th Avenue in Vancouver, WA, has just hit the market. The project is expected to deliver in Q2 2023. This prime +/- 78,000 SF building with build-to-suit office.

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Company, Investments, Office, Retail

1915 NW 26th Avenue is a divisible 1,390 SF space spanning two storefronts with the possibility to be converted into a live / work space. With high ceilings, there is also the possibility of adding a mezzanine. Retail signage opportunities, a secured and covered off-street parking space, large front windows, abundant natural light, and access to amenities along NW 23rd Avenue make this property a rare gem. It’s only a block away from a bus line and has immediate access to Hwy 30 and NW Vaughn Street.

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Company, Industrial
As of the end of Q2 2021, we're seeing construction costs reaching all-time highs, lease rates continuing to increase, and land prices climbing due to a lack of supply and an abundance of demand. 
 
With the rise of inflation due to federal COVID relief packages, landlords are considering signing new leases with annual increases tied to the Consumer Price Index (CPI) instead of the traditional 2-3% increase. 
 
Additionally, businesses are encountering a huge challenge with a lack of skilled labor. 
 
To learn more about the status of the Industrial Market, view our newsletter here. 
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Capacity Commercial Group’s very own Nicholas Diamond joined the Portland Business Journal’s 2021 Forty Under 40 list. He serves as a Partner and Principal Broker for our firm and has spent the last 16 years working with his father and mentor, George Diamond, to secure a place for himself amongst Portland commercial real estate industry. Over the course of his career, Nick has so far been involved in over 1,000 transactions totaling over $1 billion.

 

Nick is pictured above with his wife and two daughters enjoying all that the Pacific Northwest has to offer.

 

To read the full interview and learn more about Nicholas Diamond and his career, visit the Portland Business Journal website here.

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