Results.
Trust.
Experience.
OUR
COMPANY
Harbor Northwest is a full-service real estate investment firm focused on the acquisition and management of commercial real estate assets throughout the Western United States. We target well-located and often underutilized office, industrial, life-science and flex / R&D properties, and add value through a combination of physical improvements, expense optimization, and leasing.
Harbor Northwest focuses exclusively on submarkets that demonstrate robust and diversified demand drivers, supply constraints, and a consistent balance of capital inflows and outflows.
Through our experience in these markets and products, we seek to create a balance of both long-term value creation and near term returns for our investors, and subsequently, our employees.
OUR INVESTMENT MODEL
Property Type:
Office, Flex / R&D / Advanced Manufacturing, Light Industrial and Life Science
Property Size:
Urban properties - 40,000 to 500,000 SF +
Suburban properties - 75,000 to 500,000 SF
Transaction Size:
$15 - 200 M +
Investment Objectives:
Target two-to-five year holds with middle-to-upper teens levered returns
Story:
Preference for deals with a complex story and/or situations where operational and financial expertise and fresh capital can unlock value. Often these will be properties requiring renovation and currently perform below average for the market
Preferred Markets:
The nine-county, San Francisco Bay Area and Seattle, WA
OUR
INVESTMENT
TEAM
Harbor Northwest is focused on building long-term relationships, and delivering results.
Its' executive team brings over 35 years of experience and expertise in all aspects of the real estate process; including finance, asset management, property management, development, construction, accounting, marketing, and leasing.
Our approach to the investment and management process is one of discipline, detail and integrity. Such has awarded us credibility within the real estate community, and the trust of our partners.
REPRESENTATIVE
TRANSACTIONS
Asset Type - Advanced Manufacturing
Total Size - ~290k SF
Location - S. San Jose, CA
The Property consisted of two buildings totaling ~290k SF, constructed in 1992 and located on a 17.4-acre parcel that fronted Highway 101 in South San Jose, CA. The Property was 100% leased to a credit tenant (Baa credit) who maintained a contractual expiration 18 months following acquisition. The tenant was anticipated to vacate the Property at the end of their lease term due to a broader market consolidation, but was paying rent ~80% below market, offering stable, in-place cash flow from a credit tenant in the near term and the opportunity to re-lease the Property at materially higher, market rents post expiration.
The asset was recently sold to a public, industrial REIT who plans to re-entitle the site for a Class A, Industrial distribution site. The site was purchased for it's locational and power attributes.
OUR
INVESTORS
Harbor Northwest is a joint-venture between the principals of Harbor Northwest, Harbor Associates, and The Bascom Group. The partnership provides Harbor Northwest the capacity to close transactions (of $100M or lower), on balance sheet and without the need for institutional JV equity.
The Bascom Group has completed over $21.7B in multifamily and commercial value-added transactions since 1996.
Since 2015, Harbor has acquired over 3.6 million square feet of office, flex and retail space in quality submarkets throughout California.
CONTACT US
We are always looking for new investment opportunities and investment strategies. We encourage you to get in touch with us about either.