New Schnitzer Northwest Landmark to Become the Gateway To Bellevue

Business Wire, Oct 18, 2005

The arrival court will welcome guests to The Shops at The Bravern where they can choose between valet service or a convenient self-park surface lot. Concierge service will make shopping easier and invite guests to stay longer.

"Our retail collection will respond to the discerning shopper's unmet need for true fashion merchandise," said retail leasing broker Susan Zimmerman of GVA Kidder Mathews in Seattle.

The Bravern is Schnitzer's Best Yet

The Bravern is Schnitzer's first Bellevue development project since developing Civica Office Commons and selling it earlier this year for a record price in the Pacific Northwest and one of the highest prices ever paid for real estate in the Western United States.

Civica introduced innovative amenities such as a lobby great room, advanced infrastructure, concierge services and one of the city's most popular restaurants, Seastar Restaurant and Raw Bar, operated by celebrity chef John Howie.

For The Bravern, Schnitzer Northwest and Callison Architecture in Seattle turned to world-class cities for inspiration, touring 28 cities worldwide. Extensive research and testing with multiple focus groups enabled them to profile the priorities of business owners, shoppers and the community. Specialists in hospitality, water features and landscape design were retained to ensure a welcoming environment. The Bravern is conceived to deliver an unprecedented experience to visitors and unparalleled value to its tenants. It is well-positioned to serve growing office and retail demand and will generate a positive economic impact on the City of Bellevue.

For additional information visit www.thebravern.com

About Schnitzer Northwest

Schnitzer Northwest, LLC is one of the Pacific Northwest's leading commercial real estate investment, development and management companies. Formed in 1997 by Managing Investment Partner Dan Ivanoff and Portland-based Schnitzer Investment Corp., Schnitzer Northwest has established an enviable track record throughout the Seattle and Portland markets. Since its inception, Schnitzer Northwest has developed approximately 2.0 million square feet of Class A and suburban office, biotech and multi-family. In addition, the Company has acquired and, in most cases, repositioned an additional 1.0 million square feet of commercial product. It now manages 9 million square feet of commercial property. Schnitzer Northwest was named Developer of the Year for 2000 by the Washington Chapter of the National Association of Industrial and Office Properties.

Schnitzer Northwest's completed projects include, Civica Office Commons; Schnitzer North Creek, a 1.4 million square foot suburban business and technology office park located north of Seattle in Bothell, Washington; Interurban Exchange buildings 1 & 3, totaling 194,000 square feet of biotechnology research facilities fully occupied by the University of Washington and Rosetta Inpharmetics located in the South Lake Union Neighborhood of Seattle; and Techpointe Commons, 232,000 square feet in five Class A flex buildings in Portland's premier high-tech submarket.