meet prep full-service leasing advisory

tenant representation

Founded in 1993, Pacif ic Real Estate Partners (PREP) has over 35

brokers providing lease advisory services to the Pacif ic Northwest,

with off ices strategical ly located in Seatt le, Bellevue, Tacoma, Olympia,

Washington and Portland, Oregon. In contrast to the bloated national

f irms that take a macro approach, PREP’s focus and expertise in this

region provides our cl ients with insight and results that competitors

cannot match.

The proof is in the numbers:

Square Feet of Deals Completed

13M+Number of Industry Types Represented

273Number of

Deals/Clients

1,179

clients

meet some of the companies that have

chosen to work with us:

ACCOUNTING & BOOKKEEPING GENERAL SERVICES

Matson Driscoll Damico

ACTUARIES

Milliman

BANKS

World Savings

BIOTECHNOLOGY PRODUCTS & SERVICES

Ondine Research Lab

CELLULAR TELEPHONES (SERVICES)

T-Mobile

CHURCHES

Northwest Community Church

Word of His Grace Church

COMPUTER SOFTWARE

InfoMetrix

Media Pro, Inc

Starcom

COMPUTERS-SYSTEM DESIGNERS & CONSULTANTS

Aspen Technologies

CONTROLS CONTROL SYSTS/REGULATORS (WHLS)

PCE Pacific, Inc

DELIVERY SERVICE

Airborne Express Inc

ELECTROMEDICAL/THERAPEUTIC APPRTS (MFRS)

BioLife Solutions

ENGINEERS

PCSI Design

ENGINEERS-CONSULTING

AR Kalmus

FOOD BROKERS (WHLS)

Impact Sales

HARDWARE-RETAIL

Contract Hardware Inc.

HOSPITAL EQUIPMENT & SUPPLIES (WHLS)

Mirabilis Medica, Inc

INDUSTRIAL EQUIPMENT & SUPPLIES (WHLS)

WW Grainger

INSURANCE

NIF Pacific Group

LABORATORIES-BIOCHEMICAL

Applied Speciation

LABORATORY EQUIPMENT & SUPPLIES (WHLS)

ISEC, Inc.

MAILING & SHIPPING SERVICES

FedEx Express

NAVIGATION CONSULTANTS

Transas USA

NONCLASSIFIED ESTABLISHMENTS

Vince Wanamaker

NOVELTIES-RETAIL

M & T Design Services

PREFERRED PROVIDER ORGANIZATIONS

Private Health Care

REAL ESTATE

Re/Max Northwest

REAL ESTATE LOANS

Wells Fargo Home Mortgage

RESEARCH SERVICE

The Biatech Institute

SATELLITE EQUIPMENT & SYSTEMS-RETAIL

Blue Sky Systems

SENIOR CITIZENS SERVICE ORGANIZATIONS

Puget Sound Guardians

VIDEO GAMES - MANUFACTURERS

Sandlot Games

WATER WELL DRILLING & SERVICE

Whitney Equipment Co

recent success story

GLY Construction

SIZE 18,500 RSF

LOCATION 200 Building, Bellevue; 3rd floor

ASSIGNMENT

Pacific Real Estate Partners, Inc. was hired as a Tenant

Representation Broker to represent GLY in the relocation of its

current Bellevue headquarters.

OBJECTIVE

PREP’s objective was to find a CBD or close-in suburban Bellevue

Class A office space with direct access from either I-405 or I-90.

GLY, through our Tenant representation process, determined they

needed 18,000 – 19,000 rentable square feet on a single floor with

a minimum of 3/1,000 SF parking ratio. Sustainability, visibility,

and ability to incorporate GLY’s “Value-Add” in building out the

premises were all crucial elements in our search parameters.

CHALLENGES

Locating a Class A office space with the visibility, direct access

to major arterials and ability to put GLY’s “stamp of approval”

all posed challenges, and when you add in the parking required

and sustainability desire, the costs exceed our budget financial

parameters.

RESULTS

On time and as promised, PREP located and negotiated a new

lease at a new location, the 200 Building – a Class B, 3-story

suburban Bellevue office building. The 200 Building allows direct

access to I-405, premier signage, top floor tenant, and a 3/1,000

sf parking ratio at no cost. GLY will convert the building to a LEED

Certified building and move the class of the building from Class

B to Class A. PREP exceeded the targeted financial objectives

and provided GLY with an ideal building to house their new

headquarter location.

recommendations

February 12, 2010

To Whom It May Concern:

We are writing this letter of recommendation as a follow up to the recent outstanding experience that our firm had working with Pacific Real

Estate Partners, Inc.. The PREP team has worked diligently on our behalf to secure our last two lease agreements and has always positioned

our firm’s facility commitment to provede us the best chance of success in our business.

In this most recent transaction, the PREP team was able to leverage the market conditions to secure an early renewal agreement that

immediately saved us 12% in base rent and was accompanied by an aggressive package of free rent as well as modest tenant improvement

concessions. PREP was also able to negotiate an early termination clause and expansion rights which give us the flexibility to grow or

downsize, as necessary, moving forward.

Furthermore, the PREP team went well beyond the typical basic services and assisted us in a full Operating Expense review process to

ensure that we were paying fair rates for our common area expenses. Their services included an additional analysis of our risk for potential

long-term capital costs in our leasing agreements, which were addressed in the new lease agreement to mitigate any potential unforeseen

surprises in the future.

We wholeheartedly endorse hiring Pacific Real Estate Partners, Inc. to handle the facility planning and lease negotiation process, and plan to

continue to use their services in the future.

Sincerely,

Sportworks Northwest, Inc.

January 12, 2011

To Whom It May Concern:

I am writing this letter of recommendation regarding the recent outstanding experience that our firm had working with Mark Flippo and his

team at Pacific Real Estate Partners, Inc. They have worked diligently on GeoEngineers’ behalf to negotiate multiple lease agreements and

have always negotiated positive and favorable terms for us.

In this most recent transaction, the PREP team was able to leverage their market knowledge to secure below market rental rates and

negotiate an aggressive package of tenant concessions as well as an aggressive tenant improvement allowance. PREP was also able to

negotiate an economic lease clause which provides us security and protection as we move forward in our leases.

Furthermore, the PREP team went well beyond the typical basic industry services and assisted us in a full Operating Expense review to

ensure that we were paying fair rates for our common area expenses.

We highly recommend Pacific Real Estate Partners, Inc. to handle the tenant representation process, and plan to continue to use their

services in the future.

Sincerely,

GeoEngineers, Inc.

SEATTLE | BELLEVUE | TACOMA | OLYMPIA | PORTLAND www.pacif ic-re.com