Experience and Knowledge
Nitze-Stagen & Co., Inc. is a private investment firm offering unique expertise in the areas of commercial office, industrial, retail properties, and adaptive reuse. For over four decades, commercial real estate investors have looked to Nitze-Stagen for its proven experience and knowledge in these markets. However, it is in the less tangible areas of insight and foresight where Nitze-Stagen has excelled. Since its formation in 1970, the company has shown a remarkable ability for seeing potential where others saw hurdles, and for turning that potential into financial success.
A Signature Combination of Vision and Pragmatism
Nitze-Stagen approaches real estate opportunities with a developer's imagination and an investor's prudence. In addition to investing into and managing real estate,and its related entities manages venture investments and develops commercial real estate (Daniels Real Estate). We bring a high level of due diligence to the investment process, while utilizing our property management and investment experience; thereby moderating risk, yet providing rewarding opportunities.
Nitze-Stagen's global experience with commercial real estate dates back to the early 1960's. Prior to the formation of Nitze-Stagen in 1970, the principals worked with successful firms worldwide, including White Weld & Company, Shearman & Sterling, National General Corporation, and Helmsley-Spear, Inc. The principals have also provided development and financial consulting to a number of international companies, including Acme Cleveland, Societé des Bains de Mer, Burlington Northern Santa Fe, D.K. Ludwig, Dresser Industries, International Paper Company, Union Pacific Railroad and Eastman Kodak. Our professional relationships with commercial bankers, government agencies, merchant builders, and developers are long standing.
The Nitze-Stagen approach is characterized by recognizing that real estate investment can, and should, be a catalyst for improving communities. We make an equal commitment to our investors, to our tenants, and to the communities in which we build. And we believe that if we work together with these parties, no real estate project is too ambitious or too difficult to achieve.
When Nitze-Stagen starts any project, we first include all stakeholders and conceive a concept that strives to address the diverse interests of all participants. As a result, everyone benefits, and our developments tend to return dividends on many levels long after the project is complete.
Success on Many Scales
Seattle's Starbucks Center is a prime example of the Nitze-Stagen vision in action. At over 2 million square feet, the former Sears northwest catalog distribution center is the largest building in Seattle, and one of the oldest in the city. Prior to our involvement, most developers and city officials viewed it as a "white elephant" stuck in the midst of Seattle's languishing industrial district. We saw it as premier storage, distribution, and office facility, situated at the nexus of rail, trucking, and shipping lines adjacent to the Seattle central business district. What's more, we were sure we'd found a building that could anchor a neighborhood and serve as a catalyst for revitalization of the area.
Nitze-Stagen purchased the building in 1990 at an exceptionally cost-effective price, maintaining its original purpose as a storage and distribution center, as well as a location for retail and corporate office space. We also spearheaded the development of a neighborhood association to encourage dialogue and action aimed at generating interest and development activity in the surrounding area.
The result is Seattle real estate history: a landmark project that has not only provided solid financial returns, but has also become the centerpiece for the redevelopment of a neighborhood the mayor of Seattle dubbed the city's new "economic powerhouse." While not all of our real estate projects have been on as large a scale as Starbucks Center, our approach, and the results, have consistently met or exceeded expectations. We believe we can have a better view of the future through the perspective of a successful history.