Schnitzer Properties bought its first Seattle property, the Nettleton Apartments, in 1962. Since that time, Schnitzer Properties has evolved its strategy and real estate investment portfolio to take advantage of the dynamic acceleration of one of the fastest growing regions on the West Coast.
Over the past several decades, Schnitzer Properties acquired and invested in a number of office and multi-family apartment properties, diversifying its portfolio with downtown high-rise, mid-rise, and suburban garden-style apartments as well as medical and dental office properties. The company has also expanded its holdings most rapidly in recent years by purchasing multi-tenant industrial properties throughout the region. In 1997, the company bought the combined 491,730 square foot Cloverdale Business Park, as well as South 93rd and South 96th business parks. Today Schnitzer Properties has a presence of over 650,000 square feet of multi-tenant properties just in the close-in Seattle properties alone.
Combining the growth with their office asset in Bellevue and additional investment property in the Kent Valley and into Pierce County, Schnitzer Properties now owns and services in excess of over 2,000,000 square feet of space out of the Seattle Region.