q3 2017 retail investment specialists · recent northwest net leased sales recent net leased sales...

RETAIL INVESTMENT SPECIALISTS

The Fuel Station &

Convenience Store Issue

Q3 2017

Kidder Mathews | 2Q3 2017 | The Fuel Station & Convenience Store Issue


TABLE OF CONTENTSPRESENTED BY

Rebecca Liddell, CCIMSenior Vice President, [email protected]

Ryan O’LearyVice [email protected]

1

2

Market Update

The Fuel Station & Convenience Store Issue

NNN Cap Map

Real Estate Market Review Q3 2017

Retail Investment Specialists

Meet the Team

References

Recent Transactions

Kidder Mathews Network

Company Overview

Craig SpinksSenior Vice President, [email protected]

Carrie WilliamsonTransaction [email protected]



01

THE

MARKET UPDATE


NNN Cap Map

Real Estate Market Review Q3 2017



The third quarter of 2017 will not be soon forgotten. The Atlantic hurricane

season has been exceptionally intense, starting with Hurricane Harvey and

followed by Irma, Maria and a slew of major storms. Through this devastation,

a hero emerges. Viewed in so many cases as the antagonist, countless stories

have surfaced of fuel suppliers and convenience store operators staying

open in the wake of (or even during) a major disaster, so that people can have

access to food, fuel and supplies. These articles summarize some of the

challenges the industry faces when confronted with natural disasters, some of

the successes and evolutions witnessed this year, and just how the brick and

mortar convenience store is poised for growth.

THE UNEXPECTED HERO – THE CONVENIENCE STORE

Most of the 154,500-plus convenience stores in the United States are

24/7 operations, offering much-needed food and refreshment for millions

of Americans. Convenience stores also sell an estimated 80% of the fuels

purchased in the United States, and these 123,00-plus convenience stores

that sell fuel play a critical role before and after a natural disaster like a

hurricane strikes.

When most community members are evacuating to safety, convenience stores

typically remain in operation as long as they can without putting their own

employees’ safety and wellbeing in harm’s way. Their focus is to see how can

they stay in business as long as possible before the storm, and how can they

be the first to open when it is safe to do so — all while ensuring that they have

power and supply. This means making sure fuel, food and other necessities

are available for emergency workers and customers seeking a return to

normalcy.

Read full article here: http://www.nacsonline.com/YourBusiness/FuelsCenter/

Operations/Articles/Pages/When-Mother-Nature-Strikes.aspx#.Wd_doltSyUl

Buyer Requirement: Fuel Station Operator requires multiple retail locations for

aggressive growth. Please contact us for a confidentiality agreement and more

information.


2012

140

130

120

110

100

90

80

70

60

50

40

30

20

10

0

150

2013 2014 2015 2016

$ (B

illio

ns)

$125

.90

$128

.10

$132

.00

$137

.90

$140

.40

U.S. CONVENIENCE STORE CONSUMPTION

Data provided by: The Nielsen Company

http://www.nacsonline.com/YourBusiness/FuelsCenter/Operations/Articles/Pages/When-Mother-Nature-Strikes.aspx#.Wd_fXFtSyUl










BRICK AND MORTAR CONVENIENCE STORES POISED FOR GROWTH

Compared with adjacent retail channels, U.S. convenience stores have boasted relative strength and sales growth in recent years. Built on the premise of speed,

convenience stores are modeled to deliver on specific consumer needs that competing channels don’t yet address fully.

From 2012 to 2016, c-stores’ share of total retail sales increased from 7.4% to 8.2%. During that same time frame, the drugstore channel’s share of total retail

sales declined from 10% to 8.9%, and supermarkets’ share fell from 34.2% to just 23.1%.


By 2021, c-stores will be the

only brick-and-mortar channel

to show a larger share of total

retail sales, with a projected

retail share of 8.6%, while

drugstores will decline to 7.9%

and supermarkets will fall

to 21.2%. Dollar stores and

warehouse clubs are projected

to remain static at 2.1% and

7.1% of sales, respectively.

Read full article here: http://www.

nielsen.com/us/en/insights/news/2017/

how-us-convenience-stores-can-stay-

ahead-of-the-retail-pack.html

% S

hare

2001

Supercenters Club Supermarkets Convenience/Gas Drug Dollar

2016 Channel

RETAIL CHANNEL SPEND BY CHANNEL

2021 Forecast

60

65

55

50

45

40

35

30

25

20

15

10

5

0

Data provided by: The Nielsen Company

http://www.nacsonline.com/YourBusiness/FuelsCenter/Operations/Articles/Pages/When-Mother-Nature-Strikes.aspx#.Wdz5dWhSyUk

http://www.nielsen.com/us/en/insights/news/2017/how-us-convenience-stores-can-stay-ahead-of-the-retail-pack.html






TESORO CORPORATION RE-BRANDS TO ANDEAVOR

On August 1, Tesoro Corporation announced that it changed its name to

Andeavor (NYSE: ANDV), along with its related logistics company. “Our name

change to Andeavor acknowledges the significant progress we have made in

transforming the Company over the last several years and the opportunities

we see ahead,” said Greg Goff, Chairman, President and CEO. “Through

strong execution, financial discipline, strategic growth and the remarkable

commitment of our employees, we have continually created significant value

for our stakeholders.”

Read full article here: http://phx.corporate-ir.net/phoenix.zhtml?c=79122&p=irol-

newsArticle&ID=2290494

FLYERS ENERGY SELLS RETAIL STORES TO ANDEAVOR

Flyers Energy, LLC sold 39 convenience stores to Andeavor in late July.

Flyers Energy is headquartered in Auburn, Placer County, CA. Andeavor will

change some of the locations to new brands, including: Mobil, Exxon, ARCO

and Shell. Earlier this year, Flyers acquired lubricants operations in Tucson,

Phoenix and Las Vegas from Western Refining, which was recently acquired

by Andeavor. Flyers Energy expects to increase their volume of lubricants sold

from one million gallons in 2010 to nearly 19 million gallons next year with the

help of an exclusive deal with ExxonMobil, and through a series of acquisitions

of petroleum distributors in California, Nevada, and Arizona.

Source: Press Release

BERKSHIRE HATHAWAY BETS BIG ON AMERICA’S TRUCKERS, BUYS STAKE IN PILOT FLYING J

The investment in Pilot Travel Centers LLC, better known as Pilot Flying J,

is Berkshire’s latest wager on traditional forms of transportation and U.S.

economic growth. The Omaha, Neb., conglomerate already owns BNSF

Railway, auto-dealership group Berkshire Hathaway Automotive, car insurer

Geico and private-jet company NetJets. “There will be more goods moving to

more people as the years go by in the United States—that I would bet a lot of

money on,” Mr. Buffett, Berkshire’s chairman and chief executive, said in an

interview.

Read full article here: https://www.wsj.com/articles/berkshire-hathaway-buys-stake-in-

pilot-flying-j-1507038130


http://phx.corporate-ir.net/phoenix.zhtml?c=79122&p=irol-newsArticle&ID=2290494

http://phx.corporate-ir.net/phoenix.zhtml?c=79122&p=irol-newsArticle&ID=2290494

http://www.nacsonline.com/YourBusiness/FuelsCenter/Operations/Articles/Pages/When-Mother-Nature-Strikes.aspx#.Wdz5dWhSyUk

https://www.wsj.com/articles/berkshire-hathaway-buys-stake-in-pilot-flying-j-1507038130

https://www.wsj.com/articles/berkshire-hathaway-buys-stake-in-pilot-flying-j-1507038130



NNN Cap Map Recent Northwest Net Leased Sales

RECENT NET LEASED SALES

No. PropertyYear Built

Sale Price Sale Date

Years Remaining on Lease

Cap Rate

1Kohl's 18421 Alderwood Mall Pkwy Lynnwood, WA

2006$15,200,000 9/21/2017

10 5.00%

2Sonic Drive-In 9810 Pacific Ave Tacoma, WA

2017$2,263,000 9/21/2017

20 5.70%

3Amazon13537 Aurora Ave N Seattle, WA

2002$7,230,000 9/20/2017

3 5.25%

47-Eleven Fuel Station & C-Store 1022 Crosby Blvd SW Tumwater, WA

2000$4,534,000 9/17/2017

15 4.65%

5Sherwin Williams Paint 2500 15th Ave W Seattle, WA

2017$4,500,000 9/14/2017

10 4.60%

6Starbucks 12811 4th Ave W Everett, WA

1984$3,000,000 9/8/2017

8.5 4.50%

7Advance Auto Parts 1604 S 336th St Federal Way, WA

2017$3,065,000 9/8/2017

10 5.25%

8Columbia Distributing 20735 High Desert Ln Bend, OR

2002$16,300,000

9/6/20176 7.15%

9Ken's Artisan Pizza/Bamboo Sushi 304 SE 28th Ave Portland, OR

1927$3,000,000 9/6/2017

9 4.75%

10Burger King103 C StWashougal, WA

1999$1,700,0008/18/2017

22 7.00%

Below is our most recent NNN Cap Map we send out every six weeks, which

provides a snapshot of recent northwest net leased sales.

TACOMA

FEDERAL WAY

OLYMPIA

TUMWATER

SEATTLEBELLEVUE

EVERETT

LYNNWOOD

4.60%5

5.25%7

4.50%6

4.65%4

BEND

5.00% 1

5.25% 3

5.70% 2

4.75%9

7.15%8

WASHOUGAL

PORTLAND

7.00% 10



Real Estate Market Review Q3 2017 – Portland Retail

The nature of brick-and-mortar retail continues to shift rapidly in the Amazon era, and the Portland market is bearing

witness to both the positive and negative effects of the change. While long-standing chains like JC Penney, Radio Shack,

and Gymboree are cutting their presence in malls nationwide, boutique gyms, shared food halls, and other new forms of

retail are populating city streets. Metro Portland experienced 127,154 square feet of negative net absorption during the third

quarter, as leasing activity slowed during the summer months, lifting vacancies to 4.3%. The market is expected to rebound

during the coming holiday season, with consumer confidence reaching a 16-year high during the month of July, suggesting

an uptick in retail sales ahead.

Rental rates continue to average around $19 NNN marketwide, though

desirable offerings in Portland CBD and the Lloyd District can exceed $25

NNN. Investors remain bullish on the long-term performance of Portland’s

retail assets, trading shopping centers in the area for $180-200/sf and

single-tenant buildings with well-known chains at cap rates around 5%.

Marketwide, retail properties experienced 127,154 square feet of negative

net absorption during the third quarter, though vacancies were unchanged

year over year at 4.3%. Most of the move-outs were the result of long-

standing traditional companies contracting their operations, as they

scramble to adapt to the new retail landscape. Among the closures this

quarter, Value Village shuttered its 23,474 square foot store at 5050 SE 82nd

Avenue in the Clackamas/Milwaukie submarket, contributing to 52,125

square feet of negative net absorption in the Southeast area. The national

children’s clothing retailer Gymboree will soon close two stores in greater

Portland, at Clackamas Town Center in Happy Valley and at Streets of

Tanasbourne in Hillsboro, after filing for bankruptcy earlier this year.

H Mart 3301 SE Belmont St, Portland | 21,124 s.f.

Orange Theory Fitness 1621 NW 21st Ave, Portland | 4,611 s.f. 13428 Colton Pl, Oregon City | 2,900 s.f.

Sweet Jam 5233 NE M.L. King Blvd, Portland | 2,600 s.f.

Notable Lease Transactions

Kimco Realty Corporation Jantzen Beach Center (12 properties), Portland 732,542 s.f. $131.75M or $180/s.f. (5.4% cap rate)

Steven Usdan Fourth Plain Center (5 properties), Vancouver 117,143 s.f. | $21.5M or $184/s.f.

James Baggenstos, Popeyes 5949 NE MLK Jr. Blvd, Portland 2,623 s.f. | $2.88M or $1,098/s.f. (5% cap rate)

Notable Sale TransactionsMarket Forecast Trends

ABSORPTION

RENTAL RATE

VACANCY

CONSTRUCTION DELIVERIES



SubmarketTotal

InventoryDirect

Vacancy Rate

Total Vacancy

Rate

Total Available

RateQ3 Net

AbsorptionYTD Net

Absorption

Quarterly Leasing Activity

YTD Leasing Activity

Rental Rate

CBD 4,394,843 9.30% 9.40% 9.20% (16,193) (198,974) 20,716 44,331 $21.52

Lloyd District 5,594,856 4.30% 4.30% 7.60% (8,602) (625) 1,610 13,702 $23.89

Northwest 1,665,085 3.20% 3.20% 3.10% (1,086) (5,493) 0 14,543 $23.35

Sunset Corridor/Hillsboro 9,707,957 3.00% 3.00% 3.10% (46,486) 17,259 6,832 111,967 $20.45

I-5 Corridor 11,435,167 4.40% 5.20% 6.00% (801) 42,662 38,141 104,743 $19.80

Northeast 20,545,867 3.30% 3.30% 4.70% 38,125 97,226 30,254 169,568 $18.59

Southeast 23,024,114 3.80% 3.90% 3.80% (52,125) 78,031 152,766 490,338 $17.24

Southwest 13,706,885 3.60% 3.70% 5.00% 12,898 29,213 62,692 166,460 $20.24

Clark County/Vancouver 18,945,299 5.80% 5.80% 6.30% (52,884) (109,836) 42,092 200,487 $18.34

TOTAL 109,020,073 4.20% 4.30% 5.10% (127,154) (48,773) 355,103 1,324,403 $18.96

Malls 6,700,329 3.80% 3.80% 6.00% (34,439) (35,362) 0 9,179 N/A

Power Centers 7,702,844 4.00% 4.00% 3.70% 38,634 12,610 5,484 109,464 $20.14

Shopping Centers 37,103,344 7.00% 7.20% 7.60% (126,512) 11,611 208,317 694,229 $18.69

Specialty 511,806 0.00% 0.00% 0.00% 0 0 0 0 N/A

General Retail 57,001,750 2.59% 2.73% 0.17% (4,837) (37,632) 141,302 511,531 $18.31


SUBMARKET STATISTICS



The usual summertime slowdown limited leasing activity in metro Portland to

101 transactions totaling 355,103 square feet. In the largest individual deal,

the Asian grocer H MART signed a 15-year lease for 21,124 square feet on

the ground floor of the Belmont Dairy Building, at 3301 SE Belmont Street.

Scheduled to open in early 2018, the Southeast Portland location will be H

MART’s fourth Oregon store and will refill the space vacated by Zupan’s.

Meanwhile, the rapidly growing gym chain Orange Theory Fitness added two

future metro Portland spots to its roster, which will bring its total in the area to

11. Orange Theory leased 4,611 square feet on the ground floor of the newly

renovated Leland James Center at 1621 NW 21st Avenue in the Slabtown

neighborhood of Portland, and another 2,900 square feet at 13428 Colton

Place in Oregon City. On the restaurant side, the southern soul food eatery

Sweet Jam opened its second location at 5237 NE MLK Jr. Blvd in Northeast

Portland, as several other local restaurateurs sought expansion opportunities

in the city.

Retail investment volume, by square footage sold, soared to 1,224,658 square

feet during the third quarter, its highest point since the second quarter of

2013. That surge was driven mainly by the sale of the 732,542 square foot

Jantzen Beach Center, from EDENS, Inc. to New York-based Kimco Realty

Corporation, which owns eight other strip-mall properties in the region. While

metro Portland’s indoor malls have stumbled amid the nationwide decline in

retail, the open-air Jantzen Beach Center was 96% occupied at sale, attaining

a 5.4% cap rate on the $131.75 million ($180/sf) purchase price. The regional

mall sits on 67 acres that Kimco noted could one day be converted to office

or apartment use. Single-tenant properties with nationally known tenants also

remain a hot commodity, highlighted by the sale of the Popeyes restaurant at

5949 NE MLK Jr. Blvd in Portland for $2.88 million or $1,098/sf, underwritten

at a 5% cap rate. Overall, the median sale price this quarter fell to $180, as

larger shopping centers comprised the bulk of the transaction volume, after

single-tenant properties dominated activity earlier in the year.

Seventeen retail developments totaling 510,469 square feet were under

construction at quarter’s end. The largest of these was Building 1 of Phase 1

at Cedar Hills Crossing II in Beaverton, where 128,658 square feet of space

is underway, with delivery set for the second quarter of 2018. Restoration

Hardware is awaiting a fourth-quarter 2017 delivery on its 36,000 square foot

project at 2280 NW Glisan Street in Nob Hill, where the home-goods retailer

will expand on its “gallery” concept, organizing the store like a home with

furnished and decorated rooms. Another single-tenant project long in the

making, the Natural Grocers store at 5029 NE MLK Jr. Blvd is underway and

on track for completion in the summer of 2018. Finally, the 24 Hour Fitness

gym at Gladstone Crossing in the Clackamas/Milwaukie submarket will open

by year’s end.

Data Source: CoStar


SUBMARKET STATISTICS




FORECAST

Vacancy Availability

2Q171Q174Q163Q162Q161Q164Q153Q15 4Q17 2Q181Q183Q173.5%

4.0%

5.0%

5.5%

6.0%

4.5%

6.5%

VACANCY VS AVAILABILITY

Average Sales Price (PSF)

2014

2015

2016

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

3Q17

Cap Rate

#50

$100

$150

$200

$250

$300

0%

3%

6%

9%

12%

AVERAGE SALES PRICE & CAPITALIZATION RATES

2Q171Q174Q163Q162Q161Q164Q153Q152Q150%

1%

2%

3%

4%

5%

6%

7%

8%

Malls Power Centers Shopping Cemters Specialty General Retail

ASKING LEASE RATE

Vacancy Asking Lease Rate (PSF)

2014

2015

2016

2013

2012

2011

2010

2009

2008

2007

2006

3Q17

3.5%

4.0%

4.5%

5.0%

5.5%

6.0%

$15

$17

$20

$18

$19

$16

VACANCY VS ASKING LEASE RATE

Net Absorption

2014

2015

2016

2013

2012

2011

2010

2009

2008

2007

2006

3Q17

-500K

0

500K

1M

1.5M

2M

NET ABSORPTION - HISTORICAL

Net Absorption (SF)

2Q171Q174Q163Q162Q161Q164Q153Q152Q15 3Q17-200K

-100K

0

100K

200K

300K

400K

500K

600K

NET ABSORPTION - QUARTERLY

Data Source: CoStar




Q3 2017 Q2 2017 Q3 2016 Annual % Change

Vacancy Rate 4.30% 4.10% 4.30% 0.00%

Availability Rate 5.10% 4.90% 5.10% 0.00%

Asking Lease Rate $18.96 $18.97 $17.93 5.70%

Leased SF 355,103 460,866 564,591 -37.00%

Sold SF 1,224,658 839,864 1,061,597 15.40%

Net Absorption -127,154 136,137 -33,299 N/A

SF

Median Price/Building SFTotal Square Feet of Sales

2014

2015

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

2017

YTD

$/SF

2016

2014

2015

2016

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

3Q17

0

1M

2M

3M

4M

5M

$80

$112

$144

$176

$240

$208

HISTORICAL SALES SF & MEDIAN SALE PRICE

%SF

VacancyNew Construction

2014

2015

2015

2013

2012

2011

2010

2009

2008

2007

2006

3Q17

0

400K

800K

1.2M

1.6M

2M

3.5%

4.0%

4.5%

5.0%

5.5%

6.0%

HISTORICAL LEASING ACTIVITY & ASKING LEASE RATES

Data Source: CoStar

MARKET BREAKDOWN



Meet the Team

References

Recent Transactions

Kidder Mathews Network

Company Overview

02

RETAIL INVESTMENT

SPECIALISTS


RETAIL INVESTMENT SPECIALISTS Meet the Team

We are a team of investment property specialists operating within the collective

strength of the largest independent commercial real estate firm on the West

Coast. We sell investment properties through our integrated marketing programs

that reach a mass audience of prospective investors. Craig brings over 30 years

of retail investment sales experience. Rebecca began in 2003 and built her

career with a base as an MAI appraiser, bringing a sophisticated underwriting

background to each transaction. Ryan has been an investment broker since

2007. The team leverages each other’s strengths and that of the platform to

provide best in class service and underwriting. As Transaction Coordinator,

Carrie provides a high level of support.

Focus

• Single Tenant NNN Leased Retail Sales Nationwide

• Shopping Center Sales Nationwide

• Sale Leasebacks

• Portfolio & Individual Property Sales

• Pre-Sales on New Construction

• Fuel Station/C-Store Owner/Operator Sales

• Leased Fuel Station/C-Store Sales

• Portfolio Sale-Leaseback Fuel Stations/C-Stores

Ryan O’LearyVice President

Craig SpinksSenior Vice President, Partner

Rebecca Liddell, CCIMSenior Vice President, Partner

Carrie WilliamsonTransaction Coordinator

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Clients Principal BrokerDebt & Equity Finance

Attorneys

Appraisal

Title & Escrow

Tommy Nordgaard LLJ Ventures 619.814.1400 Services Provided – Buy & Sell

Arthur F.S. Steele 503.531.0588 Services Provided – Buy & Sell

RJ Ryan Getty Realty 516.478.5400 Services Provided – Buy

Patricia Parsons Chicago Title 503.973.7417

Candice Weischedel Ticor Title 503.219.1112

Ben Durdel Lewis & Clark Bank 503.568.9090

Todd Burchett HomeStreet Bank 503.219.0800

Glenn Gioseffi Kidder Mathews 206.579.1178

James Dick Kidder Mathews 858.369.3047

Elliott P. Dale Black Helterline LLP 503.224.5560

George J. Gregores Holland & Knight 503.243.5879

Steven Klein Kidder Mathews 503.221.2260

Aaron Taylor, MAI Kidder Mathews 503.721.2707

References

We pride ourselves in working with the best in the industry, no matter what part of the process the transaction

is in. Below is a select list of individuals we have worked closely with. We invite you to call them to discuss how

we operate and how we can be of a benefit to you.



Walgreens

Sale Price $1,350,000

Cap Rate 6.11%

City/State Eugene, OR

Mallard Place Canyon Lakes SC


Cap Rate 6.98%

City/State Kennewick, WA

Canyon Lakes SCJohnson Creek SC


Cap Rate 6.70%

City/State Portland, OR

Johnson Creek SC

Pizza Hut


Cap Rate 6.70%

City/State Missoula, MT

Grant Creek SC Pizza Hut


Cap Rate 8.10%

City/State Tigard, OR

Tigard Auto CenterMcDonald's


Cap Rate 6.40%


Eastgate SC McDonald's


Cap Rate 7.50%

City/State Vancouver, WA

Fourth Plain Auto Center7-Eleven


Cap Rate 7.20%


Russell Square SC

Cedar Hills Crossing SC


Cap Rate 8.20%

City/State Beaverton, OR

Cedar Hills Crossing SC Sonic Drive-In


Cap Rate 6.90%

City/State Eugene, OR

Delta Oaks SC Starbucks


Cap Rate 6.50%

City/State Bozeman, MT

University Square

McCormick & Schmick’s


Cap Rate 6.30%

City/State Albuquerque, NM

Juan Tabo SC

Recent Transactions Shopping Centers



Recent Transactions Single Tenant Properties

Davita Dialysis


Cap Rate 5.30%


Davita Dialysis

Walgreens


Cap Rate 5.88%

City/State McMinnville, OR

Walgreens


Cap Rate 7.86%

City/State Silverton, OR

Shell Station

Pizza Hut


Cap Rate 7.86%

City/State Stayton, OR

Shell Station

McDonald's


Cap Rate 4.43%

City/State Overland Park, KS

McDonald's

McCormick & Schmick’s


Cap Rate 6.80%


KinderCare 7-Eleven


Cap Rate 6.25%

City/State Vancouver, WA

7-Eleven Cedar Hills Crossing SC


Cap Rate 7.00%

City/State McMinnville, OR

Texaco Station

Roma Foods


Cap Rate 7.35%

City/State Woodburn, OR

Shell Station Starbucks


Cap Rate 4.25%

City/State Stockton, CA

Starbucks Sonic Drive-In


Cap Rate 6.49%

City/State Tigard, OR

Sonic Drive-In

Dairy Queen


Cap Rate 5.40%

City/State North Richland Hills, TX

Dairy Queen

Representative Photo


RETAIL INVESTMENT SPECIALISTS Kidder Mathews Network

ADDITIONAL KIDDER MATHEWS RESOURCES

BROKERAGE

Brian HatcherExecutive Vice President

CARRIE WILLIAMSON Transaction Coordinator

COMMERCIAL LEASING & SALES Largest commercial real estate firm in the Pacific NW. Industrial, Office, Retail, Investment, Technology, Life

Sciences, R&D, Corporate Services

SUSTAINABILITY PRACTICES

Joe Malaspino, FMA, RPADirector of Engineering

PROJECT & CONSTRUCTION MANAGEMENT

Kent SchoenrockSenior Project Manager

- 48+ million SF managed

- 49 property managers

VALUATION ADVISORY

Peter Shorett, MAIExecutive Vice President

PROPERTY MANAGEMENT

Keith Kaiser, CPMExecutive Vice President

- 38 appraisers (23 MAI’s)- 1,300+ appraisals annually

9 full-time marketing and design employees

Fully staffed marketing and administrative support - 35+ marketing assistants company wide

MARKETING

Karen BenoitSenior Vice President, Marketing

OFFERING MATERIALS

Shayna Leonardsen Senior Marketing Coordinator

RCM DEVELOPMENT/REPORTING

Christina TwidaleMarketing Coordinator

ADMINISTRATIVE SUPPORT

Christy Carkeek VP Admin Services, PNW/N. CA

Dana Klein Admin Services Manager, SW

RYAN O’LEARYVice President

Investment Team

CRAIG SPINKSSenior Vice President, Partner

Investment Team

REBECCA LIDDELL, CCIMSenior Vice President, Partner

Investment Team

Strategic AllianceNational & International Office Locations

- 330+ brokers

- $5.6B annual transaction volume

- 20 offices in Washington, Oregon, California, Nevada and Arizona



Property Management

48M+ sfPortfolio

Valuation Advisory

1,300+Appraisals annually

CommercialBrokerage

$5.6B

30.9M sf

18.6M sf

Overall annualtransaction volume

Annualleases

Annual sales Award Winning Services 2001-2017

PSBJ Largest Commercial

Real Estate Firms

18 times

The Oregonian Top Work Places

6 times

SFBT Largest Commercial Real

Estate Firms

5 times

PSBJ Fastest Growing

Companies

5 times

PBJ Largest Commercial Real

Estate Firms

14 times

Kidder Mathews Services

Commercial Brokerage

Property Management

Valuation Advisory

Consulting

Project & Construction Management

Development Management

Debt & Equity Finance

OR Business Magazine 100

Best Companies

9 times

Kidder Mathews is one of the largest, independent commercial real estate firms on the West Coast, with nearly 800 real estate professionals and staff in 20 offices in Washington, Oregon, California, Arizona, and Nevada. We offer a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types.

SAN DIEGO

ORANGE COUNTYINLAND EMPIRE

PHOENIX

SEATTLE

SOUTH SEATTLETACOMA

OLYMPIA

PORTLAND

SAN FRANCISCO

SACRAMENTO

SILICON VALLEYREDWOOD SHORES

BELLEVUE

RENOROSEVILLE

CARLSBAD

LOS ANGELES COMMERCE

LONG BEACH

WASHINGTON

# Brokers ................................... 119 # Property Managers .................... 22 # Appraisers ................................. 24

OREGON

# Brokers ..................................... 35 # Property Managers ...................... 6 # Appraisers ................................... 2

CALIFORNIA

# Brokers ................................... 158 # Property Managers .................... 19 # Appraisers ................................. 11

ARIZONA

# Brokers ..................................... 15 # Property Managers ...................... 1 # Appraisers ...................................... 1

NEVADA

# Brokers ..................................... 10 # Property Managers ...................... 1

Kidder Mathews Company Overview


RETAIL INVESTMENT SPECIALISTS Rebecca Liddell, CCIM

Senior Vice President, [email protected]

Ryan O’LearyVice [email protected]

Craig SpinksSenior Vice President, [email protected]

Carrie WilliamsonTransaction [email protected]

Kidder MathewsOne SW Columbia Street, Suite 950Portland, OR 97258

kiddermathews.com

q3 2017 retail investment specialists · recent northwest net leased sales recent net leased sales...

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