Business Details
49 Years
experience
Trusted Commercial Real Estate Services in Bellevue, WA
Founded in 1977, Wallace Properties has built a legacy of integrity, discipline, and expertise in commercial real estate. Our team specializes in brokerage, investment, development, and property management, delivering tailored solutions to clients across Washington State and Arizona. With over four decades of experience, we prioritize long-term wealth preservation through strategic asset management and sustainable development practices. Our deep community connections and local market knowledge enable us to identify niche opportunities that align with client goals. We maintain a client-centric approach, fostering partnerships that emphasize transparency, professionalism, and measurable results.Our property management division leverages sophisticated financial reporting to maximize asset value while ensuring operational efficiency. Recognized as NAIOP's 2012 Developer of the Year, we combine innovation with proven methodologies to meet evolving market demands. Our affiliations with 30+ entities underscore our commitment to comprehensive, integrated real estate services. Client testimonials consistently highlight our reliability, ethical standards, and ability to exceed expectations in complex transactions. As a family-owned business, we remain dedicated to building generational wealth for our clients through prudent, forward-thinking strategies.
Services
Brokerage
Investment
Development
Property Management
Asset Management
Details
- Year established: 1977
Highlights and features
- We offer 40+ years of experience in commercial real estate brokerage and management.
- Our vertically integrated platform provides seamless brokerage, development, and property management services.
- We maintain a 100% occupancy achievement record in Capitol Hill developments.
- Our team holds NAIOP Developer of the Year recognition for sustainable urban projects.
- We implement sophisticated financial reporting systems for asset performance optimization.
What people say
Prompt, professional service
Exemplary persons and citizens
Proactive and efficient
Highest risk-adjusted returns
Building owners' interests represented
Services
Commercial Brokerage
Our brokerage team provides comprehensive leasing and sales representation across Washington State and Arizona. With local market expertise from Olympia to Spokane, we match tenant requirements with client properties through strategic relationship networks. Our services include market analysis, lease negotiation, and transaction management for retail, office, and industrial assets. This division maintains long-standing partnerships with national tenants and institutional owners.
Property Management
We deliver third-party property management services focused on asset preservation and value enhancement. Our approach combines financial reporting systems with operational best practices to maximize income while maintaining 98%+ occupancy rates across diverse portfolios. Services include tenant relations, maintenance coordination, and regulatory compliance for retail, office, and mixed-use properties.
Real Estate Development
Our development division specializes in sustainable, transit-oriented mixed-use projects in Puget Sound urban centers. Recognized as NAIOP's 2012 Developer of the Year, we handle full-cycle development including site acquisition, design coordination, permitting, and construction management. Recent projects include LEED-certified multifamily complexes with integrated retail spaces in Seattle's Capitol Hill and Green Lake neighborhoods.
Investment Management
We acquire and operate commercial properties on behalf of private equity investors seeking long-term wealth creation. Our strategies combine market analysis with asset-specific plans to optimize risk-adjusted returns. Services include portfolio diversification advice, partnership formation, and performance monitoring across Washington State's evolving real estate markets.
Asset Management
Our asset management team focuses on maximizing property values through strategic decision-making and operational oversight. We develop customized plans for each asset based on market conditions and investor goals, coordinating with brokerage and property management divisions to ensure alignment with client objectives while maintaining industry-leading occupancy rates.
People
Robert Wallace
CEO
Robert Wallace leads Wallace Properties' 30+ affiliated entities specializing in commercial real estate investment and development. With over four decades of industry experience, he has established the company's reputation for integrity and long-term value creation in Washington State and Arizona markets.
Kevin Wallace
Development Director
Kevin Wallace oversees all development and acquisition activities for Wallace Properties. His leadership in sustainable urban projects includes the award-winning Enclave and Citizen developments, combining residential and retail spaces in Seattle's key neighborhoods while maintaining strict budget controls.
Spencer Norris
Property Management
Spencer Norris manages property management services at Wallace Properties, coordinating financial reporting and operational improvements across diverse real estate portfolios. He provides direct client support for asset optimization while implementing best practices in tenant relations and maintenance coordination.
Courtney Skony
Development Team
Courtney Skony contributes marketing expertise and customer service experience to Wallace Properties' development division. Her work on projects like The Eddy at Green Lake Village demonstrates the company's commitment to mixed-use developments that serve both investors and local communities.
Bob Bencze
Brokerage Team
Bob Bencze represents Wallace Properties' brokerage division, leveraging extensive local market knowledge to connect tenants with commercial properties across Washington State. His work exemplifies the company's focus on understanding niche opportunities in diverse geographic areas.
Questions
What commercial real estate services does Wallace Properties offer?
We provide brokerage, investment management, development, and property management services for commercial properties across Washington State and Arizona.
In which geographic areas do you operate?
Our primary focus is Washington State from Olympia to Bellingham and Arizona markets, with specialized expertise in Seattle/Bellevue area developments.
How does your property management approach differ from competitors?
We combine sophisticated financial reporting with owner-perspective decision-making to maximize asset value while maintaining 98%+ occupancy rates across our portfolio.
What distinguishes your development projects?
Our sustainable, transit-oriented mixed-use projects like The Eddy at Green Lake Village integrate residential, retail, and community spaces with energy-efficient design features.
Can you assist with institutional real estate investments?
Yes, we help private equity investors acquire and manage commercial properties through tailored strategies that optimize long-term, risk-adjusted returns.
How do you handle tenant representation?
Our brokerage team matches tenant requirements with client properties using local market expertise and established relationships across retail, office, and industrial sectors.
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