Dakota Lithium

Located at 225 S. Lucile St in the Georgetown Neighborhood of Seattle, Dakota Lithium was previously home to Dresser-Rand, an American engineering and manufacturing company owned by Siemens Energy. We acquired this property as a value add opportunity in 2021 as Dresser-Rand was exiting the Seattle market. Improvements included expanding and updating approx. 2500 sqft of office, landscaping improvements, adding windows to the exterior, painting and exterior enhancements to the entry façade. We then stabilized the asset by signing a long term lease with Dakota Lithium, an electric mobility and battery manufacturer.