Redmond Office Campus Sells for Less than it did 11 Years Ago

Laird Norton Properties is the latest Seattle company to buy a suburban office property in the region. Returns in the suburbs can be greater than on urban core assets, so investors have been buying in places like Redmond and the Eastgate area of Bellevue.

Laird Norton Properties Buys Bear Creek Corporate Center in Redmond

Laird Norton Properties recently added another commercial asset to its Puget Sound Region portfolio. 

Seattle's Most Patient Developers Plan Housing for the 'Missing Middle'

When you’ve been in business for more than 150 years, you learn how to ride out the boom-bust cycles. You also learn that an investment in the community can pay off in the long run.

Laird Norton Properties’ latest venture — a $150 million plan to alleviate the Puget Sound region’s housing crisis while delivering steady returns to investors — is all about the balance between patience and payoff, construction and community.

More News
Seattle Companies Launch Plan to Develop 1,000 Apartments People Can Actually Afford

Longtime Seattle company Laird Norton Properties is teaming up with another local company, Spectrum Development Solutions, to build 1,000 units of rental housing for teachers, nurses and other similarly paid professionals can afford.

The joint venture is planning to build the mixed-use apartment projects, as well as student housing, in fast-growing urban areas throughout the Pacific Northwest. The portfolio will total approximately $500 million of combined investment, with Laird Norton leveraging up to $150 million of its own money to borrow additional funds.

As Rents Soar, Partners Plan 1,000 Workforce Apartments

While the city inches forward on plans to regulate its way to more affordable housing in Seattle, a partnership between two local firms is planning more than 1,000 units aimed squarely at middle-income earners.

Laird Norton & Spectrum Announce $500M Initiative to Build Urban, Workforce Housing

Seattle, WA. – June 12, 2017 – Laird Norton Properties, a real estate investment company, and Spectrum Development Solutions (Spectrum), a real estate advisory and development firm, today announced a strategic joint venture partnership aimed at building workforce and student housing in high-growth, urban areas throughout the Pacific Northwest.

Previous News |  More News
Laird Norton Properties and Spectrum Development Form New JV to Focus on Workforce Housing

Two Seattle firms are putting $500 million into building “workforce apartments” rather than the luxury units now sprouting all over. Laird Norton Properties and Spectrum Development will focus on areas like First Hill and Pioneer Square where rents are becoming out of reach.

Bucking the luxury housing trend, $500M in new apartments designed to help Seattle’s shrinking middle class

Two Seattle firms are putting $500 million into building “workforce apartments” rather than the luxury units now sprouting all over. Spectrum Development and Laird Norton Properties will focus on areas like First Hill and Pioneer Square where rents are becoming out of reach.

Stone34 completes Seattle’s Deep Green Pilot Program

The corner of Stone Way and 34th Street has come a long way from when it was just a place to grab a Subway sandwich. Stone34, home to Brooks Running’s HQ, has helped to remake this as one of the trendiest hubs of activity in North Seattle. It’s also the first commercial building to complete Seattle’s rigorous Deep Green Pilot Program (a.k.a. Living Building Pilot Program).

Previous News
i n g e n u i t y
Laird Norton Properties (LNP) is a Seattle-based real estate investment firm that owns and operates a national portfolio  as part of the Laird Norton Company (LNC), a seventh-generation family enterprise. Backed by an experienced team of real estate professionals, Laird Norton Properties provides flexible capital and investment structures along with the expertise to complete even the most demanding transactions. 
l e r a c y
What began in 1855 as a frontier logging operation in the Minnesota wilderness has evolved into one of the longest-standing family enterprises in the United States. Today, the Laird Norton name represents a company with diverse interests and more than 400 family shareholders. One of Laird Norton Company’s most successful investments was in Lanoga Corporation, the nation’s third largest professional building materials dealer. After 40 years of management, Laird Norton Company sold Lanoga Corporation in 2006, but retained the real estate assets, thereby creating a national portfolio of 262 fully leased industrial and commercial properties in 23 states, totaling $300 million in value owned and managed by the newly formed Laird Norton Properties.

Since 2010, Laird Norton Properties has diversified the real estate portfolio through the investment of more than $90 million in nine properties in Seattle, Portland, Denver and Salt Lake City.

Today, Laird Norton Properties is the Laird Norton Company’s largest investment, with holdings of more than $700 million distributed throughout the Midwest and Western United States.
i n t e g r i t y


LNP is focused on investing in high-quality, value-add and core industrial, office, mixed-use, and multi-family properties and select development opportunities in the Seattle, Portland, Denver and Salt Lake City markets.  We are actively seeking partnerships with developers and operators that have a strong track record in their markets and asset types. We leverage our in-house business and real estate expertise to add value to our investments and our partners.  

Joint Ventures 
LNP focuses on developing programmatic long-term relationships that provide our partners with access to a flexible source of capital, enabling them to be active and agile in their markets.  LNP invests its own capital, giving us flexibility in our investment and joint-venture structures.  We have the ability to recapitalize existing assets or portfolios as well as to provide capital for new opportunities.  LNP can take a long-term or a short-term perspective and has the ability to invest throughout market cycles, patiently and strategically.

LNP is also interesting in development opportunities including partnering with high-quality developers with expertise in specific product types and markets to create new value by maximizing the use of an underutilized property.

Asset Management
LNP is a hands-on steward of our investments and we bring strong asset management expertise to our underwriting and execution. Since creating the $300 million Lanoga portfolio in 2006, LNP has taken a proactive approach to the asset management of the diverse portfolio by repositioning properties and actively managing the leasing, operations, and dispositions of the industrial portfolio.
a g i l i t y

Investment Focus

LNP seeks to invest capital in assets that offer the potential for attractive risk-adjusted returns.  LNP is specifically focused on:
  • Investments with equity requirements that are smaller than institutional investment thresholds
    ($5 to $20 million total equity per property, with total deal size targeted at $20-$50 million).
  • Value-add and core buildings (Class B or better).
  • Building a portfolio of strong cash-flowing assets.
  • Select development opportunities within high barrier to entry locations in major metropolitan areas.
  • Product Type: Office, Mixed-use, Multi-family or Industrial.
  • Directly or through joint ventures as both Limited Partnerships and Co-General Partnerships investment opportunities.
Building on an initial legacy portfolio of industrial and commercial assets, LNP has increased the portfolio’s value through targeted acquisitions, active asset management and select partnerships with leading real estate operators and developers. LNP’s current portfolio is a diverse national assemblage of industrial, retail, office and multi-family properties valued at more than $700 million.
Real Estate Assets
Lanoga Portfolio
The LNP team includes a vertically integrated investment team with in-house acquisition, underwriting and asset management expertise. The team takes an active, collaborative approach to working with partners while also being hands-on asset managers and stewards of the investments within the portfolio.
801 Second Avenue Suite 1700 Seattle, WA 98104 • 206 464 5245  • EMAIL
Close Prev Next Down
Bear Creek Corporate Center 1 Bear Creek Corporate Center

Bear Creek Corporate Center

Bear Creek Corporate Center is a 166,751 square-foot office campus that includes two buildings located in downtown Redmond.  The office campus underwent extensive renovations from 2006 - 2009 that included mechanical upgrades and fiber optic systems. An updated central courtyard was also completed earlier this year. With features that include Uninterrupted Power Source (UPS) backups and generators, excess cooling capacity, large rectilinear floorplates, and slab-to-slab heights from 13’-15’, Bear Creek is ideally positioned for technology-driven and creative companies. Laird Norton Properties is currently adding additional upgrades, focusing on tenants' health and wellness and better connecting the property to nearby amenities.

Located near the terminus of Washington State Highway 520, the property is less than three miles from Microsoft’s world headquarters and within a mile of downtown Redmond's future light rail stations as well as a half-mile walk to the King County Metro Park and Ride, and within walking distance of Redmond Town Center. 

Canton Lofts 1 Canton Lofts

Canton Lofts

Canton Lofts is the first development project with Laird Norton Properties joint venture partner, Spectrum Development Solutions. Located at the corner of Third Avenue South and South Washington Street in Pioneer Square, Canton Lofts pays homage to the original Canton Building, which stood on the site from 1894 through the mid-1900’s and was the city’s first brick structure built after the Great Seattle Fire.  

Canton Lofts will include a total of 80 innovative workforce housing units, all which will be at rents affordable to people earning 100% of AMI and below. The building will also include approximately 3,000 sq. ft. of ground level retail space that will be leased to Path with Art, a local non-profit that transforms the lives of people in recovery by harnessing the power of creative engagement through art as a bridge to community and stability.
17th and Larimer 1 17th and Larimer

17th and Larimer

17th and Larimer is an eight-story, 119,000 square-foot multi-tenant office building with ground floor retail located in the LoDo (Lower Downtown) area of the Denver Central Business District. Initially constructed in 1980, the building underwent a complete renovation in 2009. 17th and Larimer is a LEED-Silver certified building in close proximity to Coors Field and the redeveloped Union Station.

Click Here for Property Information
17th and Larimer 1 17th and Larimer 2 17th and Larimer 3 17th and Larimer 4 17th and Larimer 5 17th and Larimer 6
Boston Building 1 Boston Building

Boston Building

Located in downtown Salt Lake City, the historic Boston Building is a 100,000 square-foot 11-story multi-tenant office building with scenic views of the downtown skyline and within walking distance of City Creek Center. The building was considered one of the state’s first skyscrapers when it was built in 1909 and underwent significant renovations in 2009. Situated within the city’s Central Business District, the building is a short walk from hotels, museums, and restaurants.

Click Here for Building Information
Boston Building 1 Boston Building 2 Boston Building 3 Boston Building 4 Boston Building 5 Boston Building 6
Crane Building 1 Crane Building

Crane Building

The 1901 vintage Crane Building, located in the Pearl District of Portland, is a six-story 49,000 square-foot space that was fully renovated in 2006. This mixed-use property consists of 30 residential units, ground floor retail as well as two stories of office space.

Click Here for Property Information
Crane Building 1 Crane Building 2 Crane Building 3 Crane Building 4
Lenora 1 Lenora


Lenora Apartments is a 107-unit residential community with ground floor retail located in Seattle’s Belltown neighborhood.  The property was purchased in 2010 for $24.1M.  In 2015, Laird Norton Properties took advantage of increasingly high levels of investor demand for well-located, urban apartment assets and sold the property for $40.4M.
Lenora 1 Lenora 2 Lenora 3 Lenora 4
Harlequin Plaza 1 Harlequin Plaza

Harlequin Plaza

Harlequin Plaza is a two-building low-rise multi-tenant business park located in Denver’s suburban Greenwood Village submarket. Comprising of 329,000 square feet and situated on an 18-acre campus, the property boasts multiple onsite amenities including a deli, fitness center, showers, locker room, covered parking, and a 46,000 square-foot outdoor plaza.

Click Here for Property Information
Harlequin Plaza 1 Harlequin Plaza 2 Harlequin Plaza 3
2323 Elliott 1 2323 Elliott

2323 Elliott

2323 Elliott is a two-story, 72,000 square-foot office building located in the Waterfront District of Seattle. The building is master leased to the Art Institute of Seattle and features sweeping, unobstructed views of Elliott Bay as well as large, highly-efficient floor plates.

Click Here for Property Information
2323 Elliott 1 2323 Elliott 2 2323 Elliott 3
550 Kirkland Way 1 550 Kirkland Way

550 Kirkland Way

550 Kirkland Way is a 75,000 square-foot, five-story multi-tenant office building situated in downtown Kirkland, just minutes from Seattle. The building is within walking distance of downtown Kirkland and the Lake Washington waterfront. Several suites boast outdoor decks and upper floors have waterfront views.

Click Here for Property Information
550 Kirkland Way 1 550 Kirkland Way 2 550 Kirkland Way 3
Lanoga Portfolio 1 Lanoga Portfolio

Lanoga Portfolio

This national portfolio currently contains over 150 properties in 23 states, totaling $250 million in value. The portfolio, which is managed by LNP, includes lumberyards, distribution centers, light manufacturing facilities, and office buildings.
12th and Northrup 1 12th and Northrup

12th and Northrup

12th and Northrup is a 75,000 square-foot two-story office and data center located in the heart of Portland’s coveted Pearl District. Built in the late 1930’s the building has been extensively renovated over the last 10 years. 12th & Northrup is a classic Pearl District asset, successfully embodying the intersection between historical industrial roots and modern professional atmosphere.

Click Here for Property Information
12th and Northrup 1
Stone 34 1 Stone 34

Stone 34

Completed in the summer of 2014, Stone 34 is a 132,293 square-foot, 5-story office building located in Seattle’s Fremont neighborhood along South Lake Union.  The building is pre-certified LEED platinum and is the pioneering project in Seattle’s Deep Green Pilot Program, earning early accolades as one of the most energy efficient commercial office buildings in the country.  The ground floor provides 21,000 square feet of retail space, 8,500 square feet of outdoor gathering space, 218 below-grade parking stalls, bicycle stalls and four electric car-charging stations. The building is also adjacent to the Burke-Gilman Trail, a 42-mile bicycle and pedestrian commuter and recreational trail. Stone 34 is currently the flagship retail store and headquarters to Brook Sports with spectacular views of Downtown Seattle, Lake Union, Mount Rainier and the Olympic and Cascade Mountains.

Click Here for Property Information
Stone 34 1 Stone 34 2 Stone 34 3 Stone 34 4 Stone 34 5
Belleview Tower 1 Belleview Tower

Belleview Tower

Belleview Tower is a Class A, 12-story 200,000 square-foot multi-tenant office building located in the suburban Tech Center submarket of Denver. Built in 1982, the building is located within 20 minutes of Denver’s central business district and 30 minutes from the Denver International Airport. The building was renovated in 1997 with additional renovations during the past several years to the lobby and common areas. The building also features 3.9/1,000 parking.

Click Here for Property Information
Belleview Tower 1 Belleview Tower 2 Belleview Tower 3
Jeff Vincent 1

Jeff Vincent
President & CEO • 

Jeff Vincent, President & CEO, has been leading Laird Norton Properties’ parent company, Laird Norton Company, since January of 2001. With more than 30 years of business experience, Jeff has restructured business operations, acquired companies, and directed a variety of strategic initiatives to accelerate growth. Jeff oversees all operations of the company, including investments and development activities and is a member of the LNP Investment Committee.  

Jeff serves as a director on several boards, including: Laird Norton Company, Laird Norton Properties, Fusion Education Group, and Laird Norton Wealth Management. He currently serves as a member of the Washington Roundtable and is a past Chairman of the Washington State Board of Education. 

Jeff received a BSBA from Drake University and an MBA from the Harvard Business School.
Gabe Levin 1

Gabe Levin
Vice President • 

Gabe joined Laird Norton Properties as Vice-President in 2017. Gabe has 20 years of professional experience managing investments and is responsible for asset management of existing properties as well as acquisitions and the development of new projects.

Prior to LNP, Gabe worked for Talon Private Capital where he led the startup Portfolio Services division, creating an asset management platform that completed over 5MMsf of heavy value-add investments in and around Seattle. He managed the largest real estate receivership in the history of Washington State, repositioning a portfolio of 24 office buildings with $100MM of investments in aesthetic improvements and infrastructure. Prior to Talon, at DRA Advisors he sourced acquisitions and managed financing needs for the company’s $9 Billion portfolio including successfully navigating the maturities of $4B of debt during the capital markets contraction.

Gabe graduated from college at Yale University and earned an MBA at Columbia Business School.
Spencer Esau 1

Spencer Esau
Real Estate Analyst • 

Spencer Esau, Real Estate Analyst, joined Laird Norton Properties in 2016.  He assists various functions within the company including reporting, research, analysis and financial modeling.  Spencer began his real estate career as a commercial broker with Sperry Van Ness before transitioning to analytics.  Prior to joining Laird Norton Properties, he specialized in the sale and leasing of multifamily, retail and office properties as well as in underwriting and market analysis. 

Spencer received a BS in Economics from Gonzaga University.
Audra Brown 1

Audra Brown
Asset Manager • 

Audra Brown joined LNP as a property manager in 2011. She oversees all property management services for LNP’s industrial portfolio.  Audra directs a team of regional property managers and is responsible for ongoing portfolio operational activities. She has more than 13 years of experience in property management, budgeting and dispositions. 

Audra is a licensed Washington Real Estate Broker, a member of the Institute of Real Estate Management and is working to achieve her Certified Property Manager designation.
Jennifer Polson 1

Jennifer Polson
Marketing & Communications Manager • 

Jennifer Polson is the Marketing & Communications Manager for Laird Norton Properties and has been with the company since 2012. Jennifer’s responsibilities include the development and implementation of communications and marketing strategies for Laird Norton Properties.  She is responsible for all marketing campaign components encompassing print, media, social media, and internet presence.  

Jennifer has more than eleven years of real estate experience which includes property management, tenant relations, marketing and office management. She received a BA in public relations from Washington State University.
Jake Okleberry 1

Jake Okleberry
Legacy Portfolio Manager • 

Jake Okleberry, Legacy Portfolio Manager, joined Laird Norton Properties in 2015. Jake is responsible for overseeing and analyzing the performance of the legacy portfolio, which includes providing financial and market analysis related to leasing and disposition decisions, internal reporting, and property management supervision.  Jake started his real estate career as an analyst for Northwestern Mutual Investment Management Company and has worked for a broker dealer specializing in 1031/TIC investments, and a re-developer of industrial projects.  

Jake received his BS from Weber State University and earned the CFA designation in 2013.
Alec Maghami 1

Alec Maghami
Portfolio Manager • 

Alec Maghami joined Laird Norton Properties as Portfolio Manager in 2017. In this role, he is involved in acquisitions, asset management, portfolio management, and development oversight. Prior to LNP, Alec worked with Prudential Real Estate Investors’ San Francisco-based acquisitions group, where he was responsible for underwriting, modeling, and structuring direct and joint-venture transactions. Alec also has experience in real estate development with Silverstein Properties and commercial real estate debt origination with Prudential Mortgage Capital Company.

A Seattle native, Alec holds a BA in Finance from the University of Washington’s Foster School of Business and an MBA from Columbia Business School.