Justin Holmes and Josh Parnell of First Western Properties – Tacoma, Inc lead a top class commercial real estate team who specialize in retail leasing and sales throughout the Pacific Northwest. Over 25 years of combined experience in retail leasing, our team has built a substantial reputation for exceptional service through being strategic about providing inspired solutions and using retailer objectives to adapt to market shifts with the goal of achieving the best results for each client.
Our all-inclusive, detailed, and in-depth strategy addresses all levels of the commercial real estate retail leasing and sales process. Our approach is distinct and clearly differentiates this team from the highest level of competition, above all else we value relationships first, by treating clients with tremendous integrity and respect. Our team’s dedicated roles and varied backgrounds ensure an efficient and professional process.
MEET THE TEAM
“FIRST WESTERN PROPERTIES ARE OUR ‘GO TO’ BROKERS. THEY KNOW THE TENANT’S, THEY KNOW THE MARKET, THEY GET IT DONE!”
Harsch Investment Properties
Federal Way Portfolio
Procured the portfolio of three properties during the heart of the recession in 2011. At this time there was 1 million square feet vacant retail space in Federal Way. Since taking over the portfolio, our team has completed over 30 leases with over 200,000 SF of net absorption between the three properties and redevelopment of Celebration Center. Majority of tenants are achieving above system average sales.
“Justin, Josh and the First Western Team have done a tremendous job for us the last few years . Having three centers in close proximity to each other they show us every deal that comes to the market and have great relationships with a lot of the retailers which makes closing a deal a lot easier.”
Mud Bay Pets
Regional Chain with 40+ locations
Facilitate awareness growth of the brand in the retail shopping center community to assist in competing with the national chains. The store count continues to grow year over year. Sought out and secured a new distribution facility in a strategic location adjacent to two main suppliers. Found a new home for Mud Bay headquarters in downtown Olympia in former JCPenney office building conversion. Looking forward to working with them as they continue to seek new locations throughout the Pacific Northwest.
“First Western Properties has consistently delivered top quality locations helping us grow throughout Washington and while maintaining our relationship with integrity, loyalty and trust. We find their service invaluable.”
Former Pizza Hut
Pizza hut hired the team to relocate the store and then sell the property. Quickly procured 13 offers to purchase the property and sold the land for $116 per square foot. After a successful sale process representing both the purchaser and the seller, the purchaser hired the team to lease the proposed retail building, which 7,000 SF was soon preleased at top market rents. The developer completed the project and sold the investment for a record $1,190 per square foot.
“We’ve had the opportunity to work with First Western Properties on several occasions. Most recently on the purchase, pre-lease and disposition of a development in the Totem Lake market. Their market knowledge, ability to drive and negotiate record rents on the project allowed this to be a very successful project and help achieve our goals.”
Highland Hill Safeway Anchored Center
6th Avenue in Tacoma, WA
First Western Properties had this lease listing for over 20 years. The property went through several redevelopments and additions including three pads and LA Fitness. After spaces were leased, our team was hired in collaboration with Capital Pacific to sell the asset. The team secured several buyers and the sale closed in May 2017 for $47 million.
“First Western Properties’ market knowledge and tenant relationships guided our redevelopment and marketing decisions to make Highland Hill the dominant center in the North Tacoma trade area. This eventually lead to a successful sale of the shopping center. The investment market understanding of this group resulted in a timely sale to a West Coast regional REIT.”
OUR VALUED PARTNERS
ASHTON CAPITAL CORP
D&B RETAIL DEVELOPMENT
DONAHUE SCHRIBER PROPERTIES
CITATION MANAGEMENT, LLC
FIRST WASHINGTON REALTY, INC
G GROUP LLC
HARSCH INVESTMENT PROPERTIES
MASON ASSET MANAGEMENT
MADISON DEVELOPMENT GROUP
PACIFIC WEST LAND
POWELL DEVELOPMENT CO
RED MOUNTAIN GROUP
RPAI – RETAIL PROPERTIES OF AMERICA INC
SKILKEN GOLD REAL ESTATE
TARRAGON PROPERTY SERVICES
UNIVERSITY OF WASHINGTON – TACOMA
VISCONSI COMPANIES, LTD
WHITE LEASURE DEVELOPMENT
WASHINGTON CAPITAL MANAGEMENT, INC
If you would like to inquire about our current available properties or learn more about how we can achieve the highest results for your commercial real estate needs, please complete the contact form and we will be in touch with you as soon as possible.