SEATTLE—Oct. 24, 2016—Cushman & Wakefield Commerce in Seattle and CBRE have partnered to present Governors Point, an unparalleled investment opportunity for waterfront estate development on Bellingham Bay and Pleasant Bay, in the City of Bellingham, Washington. The firms announced today that the approximately 125.84 acre property, which includes more than 9,500 lineal feet (882.6 lineal meters) of marine shoreline, is being offered in two divided portions or as a single purchase of the entire acreage.
“Governors Point is an iconic offering that is rarely seen in today’s market,” said Gary Danklefsen, Senior Director-Cushman & Wakefield Commerce in Seattle. “With the property divided into two sections, the eight legal lots have the potential to be subdivided into 25 beautiful estate home sites.”
The North Portion of the peninsula includes approximately 46 acres with 4,600 lineal feet of marine shoreline on three legal parcels. The Southern Portion of the peninsula includes 4,900 lineal feet of marine shoreline, on 79 acres on five legal parcels.
Situated conveniently between Seattle, Washington and Vancouver, British Columbia, Canada, the property is located on the western side of Pleasant Bay Road and just north of Cove Road, in Bellingham, Whatcom County, WA.
Per Whatcom County, zoning is RR5A (Residential Rural District), which has a five-acre minimum lot size. Single-family homes and non-commercial boat docks are permitted in the zone.
For more details, including a video with images of the property, please visit: http://governorspointopportunity.com/.
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About Cushman & Wakefield Commerce
Cushman & Wakefield Commerce operates the Cushman & Wakefield business in Idaho, Nevada, Utah and Washington. As part of the Cushman & Wakefield global platform, the firm offers innovative commercial real estate solutions to occupier and investor clients, offering transaction services, capital markets services, occupier and investor services, and real estate advisory. With nearly 300 employees, 9 million sq. ft. of property management and transaction value of more than $2.8 billion, the firm is a leading commercial real estate resource in the Intermountain West region and Pacific Northwest. Learn more at www.comre.com.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
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