LPC West Acquisition of Maker Space Flex Portfolio – Seattle

Deal value: $29,500,000

LPC West acquired a three-property portfolio totaling 87,000 SF in Seattle, WA, focused on maker space and creative industrial tenants. Properties feature flexible layouts with 35% office and 65% light industrial.

LPC West's acquisition of the Maker Space Flex Portfolio in Seattle is driven by the strategic belief in the growing demand for flexible, creative industrial spaces catering to maker and light industrial tenants. The investment capitalizes on Seattle's robust innovation ecosystem, the rise of hybrid work models, and the need for adaptable real estate solutions that blend office and industrial uses. The timing reflects confidence in post-pandemic urban industrial demand and the city's continued growth as a hub for creative and tech-driven businesses.