Paul Sleeth joined Newmark in 2017 as an Executive Managing Director in the Seattle office, where he specializes in retail property investments and leads the Sleeth Retail Investment Team with Billy Sleeth, also an Executive Managing Director. Formed in 1991, the team focuses exclusively on retail investments in the greater Puget Sound region of Washington State and have the established reputation as the Northwest’s #1 retail investment team. Sleeth established the team to provide a systematic approach to retail properties that exceeds institutional standards.
Sleeth joined Newmark after 26 years at Colliers International in Seattle, where he consistently ranked among the firm’s top producers nationally. He also was an advisory board director of Colliers International and one of fewer than 40 brokers chosen in the United States to represent the Colliers Investment Services Group (CISG) for North America. Paul and Billy Sleeth were Colliers’ top producers in the Puget Sound Region in 2014, 2015 and 2016; they were named the NAIOP SIOR Investment Brokers of the Year in 2015. Sleeth has over 39 years of experience and has completed more than $4.25 billion worth of retail investment sales.
Prior to Colliers, Sleeth worked at Leibsohn & Company, a full-service real estate brokerage headquartered in Bellevue. He also worked at James S. Black & Company, now NAI Black, in Spokane.
Sleeth is a past president of the Washington State Commercial Association of Realtors (WSCAR), past board member of the Puget Sound Commercial Brokers Association (CBA), and is active with the International Council of Shopping Centers (ICSC).
Partial List of Notable Sale Transactions
- Briar Portfolio, Washington State - $175 million; 15-property portfolio
- Bellevue Village Center Development Site, Bellevue - $145 million
- Haggen Portfolio, Seattle Submarkets - $120.5 million; 8-property portfolio
- Marketplace at Factoria, Bellevue - $100 million
- Alderwood Parkway, Lynnwood - $95 million
- Bellevue Galleria, Bellevue - $87 million
- Factoria Mall (50% interest), Bellevue – $65.75 million
- Lakeland Town Center, Auburn - $52 million
- Canyon Park East & West - $50.9 million
- North Benson Shopping Center, Renton - $49.75 million
- Sternco Shopping Center, Bellevue - $49 million
- Interbay Urban Center, Seattle - $48 million
- Northpoint Plaza, Spokane - $44 million
- University Village, Seattle - $42.3 million
- Alderwood Plaza, Lynnwood - $41 million
- Triangle Mall, Longview - $40 million
- Tacoma South, Tacoma - $39 million
- Town Center at Lake Forest, Lake Forest Park - $37 million
- Klahanie Shopping Center, Sammamish - $36 million
- Woodinville Plaza, Woodinville - $35 million
- Canyon Crossing, Frederickson - $35 million
- Northgate Village Shopping Center, Seattle - $34.3 million
- Bridle Trails, Kirkland - $32 million
- James Center, Tacoma - $32 million
Partial Client List/References
Regency Centers:
- Barry Argalas, Senior Vice President, Transactions, Jacksonville, FL
- Hap Stein, former CEO, Executive Chairman, Jacksonville, FL
Merlone Geier Partners:
- Brad Geier, Founder/Co-Owner/Managing Partner, San Diego, CA
- Peter Merlone, Founder/Co-Owner/Managing Partner, San Diego, CA
ROIC:
- Stuart Tanz, CEO, San Diego, CA
- Richard Schoebel, President, San Diego, CA
Kimco Realty Corporation:
- Matt Golden, Managing Director, Vista, CA
- Conor Flynn, Chief Operating Officer, New Hyde Park, NY
- Ray Edwards, Vice President, New Hyde Park, NY
Donahue Schriber:
- Pat Donahue, CEO, Costa Mesa, CA
Argonaut Investments:
- Stephen Jaeger, Managing Partner, Corte Madera, CA
Tourmaline Capital:
- Jonathan Cheng, President, San Diego, CA
Sequoia Capital:
- Mark Oei, Managing Director of Real Assets Strategies,
- Menlo Park, CA
LOJA:
- Tom Engberg, CEO & CIO, Walnut Creek, CA
Schottenstein Stores Corporation:
- Jeffrey Gould, Vice President, Columbus, OH
Gramor Development:
- John Graham, President, Lynnwood, WA
Balboa Retail Partners:
- Joseph Fahey, Principal, Santa Monica, CA
- Susan Overton, Managing Director, Los Angeles, CA
Centercal:
- Jean-Paul Wardy, Senior Vice President, El Segundo, CA
- Craig Ramey, President, Bay Area, CA
Madison Marquette:
- David Brainerd, Managing Director, Washington DC
Rosen | Harbottle:
- Stan Rosen, Principal, Bellevue, WA
- Jerry Harbottle, Principal, Bellevue, WA
Urban Renaissance Group:
- Patrick Callahan, CEO, Seattle, WA
- Matthew Simo, Director of Acquisitions, Seattle, WA
Vestar Development:
- Richard Kuhle, President, Phoenix, AZ
- Clint Marchuk, Vice President of Acquisitions, Phoenix, AZ
Areas of Expertise
- Procuring, negotiating, and closing retail investment transactions
- Acting as a primary contact for clients
- Overseeing the financial analysis and underwriting process
- Evaluating retail market trends in and around the Pacific Northwest as well as tracking new retail developments in the area
- Managing production of the quarterly/yearly Retail Investment Report, which reports on all retail market trends and investment sales in the Greater Puget Sound region
- Oversees a sales comparable database which tracks every retail investment sold in Washington State, Oregon, Montana, and Idaho over the past 39 years, as well as a comprehensive list on every retail investment property currently available
Professional Achievements
- Paul Sleeth was a top producer for Colliers International, consistently making Colliers’ U.S. Top Producer list, including number one in 2005 and number four in 2015
- Top Producer, Puget Sound Region, 2014 - 2016
- NAIOP SIOR Investment Brokers of the Year, 2015
Professional Affiliations
- Member, International Council of Shopping Centers (ICSC)
- Board Member, Puget Sound Commercial Brokers Association (CBA)
- Former Board Member, Colliers Investment Services Group (CISG)
- Former President, Washington State Commercial Association of Realtors (WSCAR)
Education
Sleeth earned a Bachelor of Arts degree from the University of Washington Michael G. Foster School of Business. Paul resides in Issaquah with his wife.