AI helper
The City of Kirkland, Washington is seeking qualifications from commercial real estate brokerage firms to provide exclusive listing and marketing services for the sale of city-owned property known as the Houghton Village Property. The property is approximately 2. 20 acres and is improved with multi-tenant commercial buildings. The selected firm will be responsible for positioning, marketing, and negotiating the sale of the property to qualified development teams or investors, consistent with the city's policy objectives. Compensation will be based on a commission structure proposed by respondents and negotiated with the selected firm, anticipated to be paid from transaction proceeds at closing. Key deliverables include preparing a Broker Opinion of Value, developing a marketing strategy, creating marketing materials, actively marketing the property, coordinating property tours, responding to inquiries, advising on offer evaluation, assisting in negotiations, and providing transaction management support. Qualifications must be submitted electronically by May 6, 2026, 3:00 PM PDT. The selection will be based on written qualifications and potentially interviews, with criteria including project understanding, experience, team expertise, project management approach, market knowledge, and commission proposal. The anticipated contract term is 12 to 18 months, with a maximum of three years. Firms must not be debarred or suspended by the federal government.
The City of Kirkland requires that qualifications be received no later than 3:00 PM PDT on May 6, 2026.
Brokerage services will be compensated through a commission structure to be proposed by respondents and negotiated with the selected firm. The City anticipates that compensation will be paid from transaction proceeds at closing.
The City will make a selection based on the evaluation of written qualifications and potentially an interview process, with criteria including project understanding and proposed strategy for success (25%), previous experience in similar projects/references (25%), expertise of key personnel and/or team partners (20%), approach to project management and delivery (20%), and knowledge of the local and regional real estate market (10%), and commission proposal and overall value to the City (15%).
Qualifications must include a project approach (work plan, project organization and staffing, team qualifications and subconsultants, project schedule), a commission proposal, related experience and references, and a statement of experience working with public agencies, marketing development sites, local markets, mixed-use properties, competitive offer processes, and purchase and sale agreements.
The selected brokerage firm will be responsible for coordinating and conducting property tours and site visits for prospective purchasers.
Questions regarding the scope of work or evaluation process must be submitted via email by April 20, 2026.
