Our Developments SoughtInvesting in the Pacific Northwest Region
Pallis Properties Inc. seeks quality sites within the Pacific Northwest region and selected sites beyond.
Between $5,000,000 to $75,000,000 in estimated development cost. Pallis Properties Inc. has sources of readily available capital for projects within this range.
Pallis Properties Inc.’s primary focus is the development of anchored retail centers in the Pacific Northwest region.
To date, Pallis Properties Inc. has completed four custom build-to-suit projects. The first for Firestone Tire and Rubber in 1963. The second for the US Postal Service in 1970. The third for Ballard Computer – later occupied by UW Physicians Network, and the fourth for Trader Joe’s. In 2019, Pallis Properties will complete several transactions bringing additional national retailers to its Frederickson Town Center site. The Pallis team works closely with each tenant’s real estate team taking creative advice on building design while being sensitive to the cost element of each project. Ultimately, working with the tenant in an attempt to “value engineer” each aspect of the planned facility is critical. Pallis Properties Inc. welcomes the opportunity to complete build-to-suit developments for well established public or regional companies.
EXISTING RETAIL CENTER ENHANCEMENT
Pallis Properties Inc. seeks to purchase well located and established centers which require asset and rental enhancement.
SELF STORAGE FACILITIES
Pallis Properties Inc. has developed several self storage facilities in the greater Puget Sound area. The first in Skyway and the next two in Maple Valley. All three projects have proven to be successful additions to the Pallis Properties Inc. portfolio. As such, Pallis Properties Inc. will continue to seek quality self storage sites within Western Washington.
Pallis Properties Inc. in September of 2018 completed its first apartment development – a 126 unit apartment complex in Maple Valley, WA. In 2020, Pallis Properties will begin development on its second apartment development – a 350+ unit project within its Frederickson Town Center project in Frederickson, WA. Construction is planned to commence in the later part of 2020.