Derrick Urquhart

Derrick specializes in the sale and leasing of industrial land and buildings located in the Pierce County, South King County, Thurston and Lewis County markets. His expertise includes transactions involving relocations, development, dispositions, as well as port related uses. He began his real estate career at Schuler Properties, where he was a real estate consultant for national and local corporations for a variety of industrial product types, including manufacturing, investment, distribution, and government agencies.

Prior to joining Neil Walter Company, Derrick was a Senior Associate at Kidder Mathews and the manager of industrial real estate at the Port of Tacoma from 2005-2010. During his tenure, he was the lead for acquiring property for marine terminal development, totaling over $180 million. He also managed the Frederickson Industrial Area, which included negotiating land sales and entitlements for Pierce County’s largest industrial warehouse; the IKEA distribution facility.

NOTABLE ASSIGNMENTS

Key Acquisitions/Dispositions

• Site selection, entitlement, project management IKEA Distribution Facility
• Frederickson, WA, 65 acres, 850,000 SF, SEPA expandable to 1,000,000 SF
• McFarland Cascade Asset and lease valuation – Tacoma Plant, Oregon 2012-Current

Government Transactions

• Port of Tacoma, Managed Port leasing and sales in Frederickson and Tide Flats. Facilitated condemnation action regarding 25 key properties, settled on time and out of court
• City of Tacoma, facilitated acquisition for Stadium High School expansion understraw buyer scenario
• Port of Centralia, sold former Simpson Door Facility to Port under negotiated terms, achieving market pricing by right of first refusal

Representative Transactions

• 2016 Pacific Coast Composites – 15,000 SF relocation/expansion – aerospace
• 2015 Industrial Waste Recycling – 40,000 SF location in Tacoma Industrial district

EDUCATION/CREDENTIALS

• Green River Community College