What Tarragon Corp does

Tarragon Corp is a privately held, Seattle-based real estate development company founded in 1995 by Michael Corliss, operating as Tarragon L.L.C. with a headquarters at 601 Union Street and a secondary office in Sumner, Washington. The company develops Class A projects across four sectors — industrial, residential (multifamily apartments, townhomes, and build-to-rent), commercial retail, and master-planned land development — primarily in the Puget Sound region including King, Pierce, Kitsap, Thurston, and Lewis counties, with one industrial asset in Sparks, Nevada. Its portfolio spans marquee assets such as SeaPORT Logistics Center (2.7 million SF planned across eight buildings), the 320-acre Uplands master-planned community in Puyallup planned for over 1,000 homes, and stabilized multifamily communities including Sawyer Trail (566 units), Glacier Run (384 units), Camber (324 units), Haven (216 units), and The Tilden (216 units).

The company operates an owner-builder model with in-house development, construction, site operations, marketing, and accounting capabilities, maintaining a long-term hold perspective across its portfolio. Revenue is generated through a combination of one-time real estate development sales (residential lots to homebuilder partners, individual homes, and land parcels), recurring industrial leasing at properties like SeaPORT Logistics Center (with anchor tenants including Nordstrom, Odom Corporation, Allen Distribution, and Helly Hansen), and rental income from stabilized multifamily holdings. Tarragon maintains distribution partnerships with national homebuilders (Lennar, Century Communities, Richmond American Homes, Conner Homes) for master-planned community lot sales and with CBRE for industrial tenant representation. The company employs approximately 35–40 people and is led by President Dennis Rattie. Multiple NAIOP Washington and SIOR awards from 1998 through 2025 attest to its standing in the regional development community.

Name

Tarragon Corp

Legal name

Tarragon L.L.C.

Website

https://tarragon.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Tarragon Corp is a privately held Seattle-based real estate developer founded in 1995 that builds and holds Class A industrial, multifamily, commercial retail, and master-planned community projects across the Pacific Northwest, primarily the Puget Sound region, serving enterprise tenants, homebuilder partners, and residents.

Ownership category

akta.pro rank

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Real Estate Development: Developing Class A industrial, residential, and commercial projects for sale or long-term hold. Revenue generated through property sales, development fees, and appreciation on held assets.
2. Industrial Leasing: Long-term leasing of industrial space at properties like SeaPORT Logistics Center. Tenants sign multi-year leases for warehouse and distribution facilities.
3. Master-Planned Community Sales: Development and sale of residential lots to homebuilder partners and single-family homes to end buyers at Uplands master-planned community.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Tarragon Corp is a Pacific Northwest real estate developer that conceives, entitles, builds, leases, and holds Class A industrial parks (notably the 2.7 million SF SeaPORT Logistics Center), multifamily apartment and townhome communities (The Tilden, Glacier Run, Camber, Haven, Merit, Sawyer Trail, etc.), lifestyle and grocery-anchored retail centers (Kent Station, Sunrise Village, Lakeland, Junction 192), and the 320-acre Uplands master-planned residential community in Puyallup, WA. Revenue is generated through industrial leasing, residential rental and home sales, retail tenant leases, and long-term appreciation on assets held within the company's own portfolio.

Product overview

Tarragon Corp is a Seattle-based real estate development company founded in 1995 that develops Class A industrial, residential, and commercial projects across the Pacific Northwest. The company's portfolio consists of four main product sectors: Industrial (including SeaPORT Logistics Center, Valley South Corporate Park, Salmon Creek Corporate Park, Centralia North Corporate Park, and Spanish Springs Corporate Park), Residential (including apartment communities like The Tilden, Glacier Run, Haven, Camber, and townhome communities like Embark at Uplands and Aster Townhomes), Commercial (retail/lifestyle centers including Sunrise Village, Kent Station, Lakeland, and Junction 192), and Land Development (master-planned communities including Uplands). The company operates through its in-house development, construction, and property management capabilities, maintaining a long-term hold perspective on all investments.

Differentiator

Problem solved

Functional benefit

Products and services

• SeaPORT Logistics Center A 2.7 million SF, eight-building Class A industrial/logistics park in Sumner, WA featuring 40' clear height warehouses; the first speculative industrial development of its kind in Washington state. Leased to enterprise distribution tenants including Nordstrom (500,000 SF), Odom Corporation (250,000 SF), Helly Hansen (274,000 SF), and Allen Distribution (293,000 SF).
• Uplands Master-Planned Community A 320-acre master-planned residential community in Puyallup, WA planned for over 1,000 homes, featuring The Club at Uplands amenity hub, trails, and parks. Sold through national homebuilder partners including Lennar and Century Communities, with single-family homes priced from the mid $600,000s to $900,000s.
• Embark at Uplands An 86-unit rental townhome community within the Uplands master-planned development featuring two- and three-bedroom townhomes with private entries, attached garages, clubhouse, and connectivity to the Uplands Trail network. Targeted at renters seeking master-planned community living.
• The Tilden Apartments A 216-unit garden-style apartment community in Lacey, WA featuring one-, two-, and three-bedroom homes with air conditioning, refined finishes, a clubhouse with fitness center (Smart Mirror and Peloton), pool, hot tub, and outdoor amenities. Winner of the 2025 NAIOP Washington Garden-Style Multifamily Development of the Year.
• Merit Apartments A 207-unit residential community in Sumner, WA under construction, featuring walkable urban-style design, hospitality-inspired clubhouse with coworking areas, fitness center, outdoor pavilion with BBQ and fire table, and a dog run. Targeted at Puget Sound renters seeking urban-style amenities in a suburban setting.
• Glacier Run Apartments A 384-unit garden-style apartment project on 18.7 acres within the Sunrise Master Planned Community, featuring more than 17,000 SF of residential amenities including a clubhouse, pool, sports court, dog run, and walking paths.
• Haven Apartments A 216-unit garden-style apartment community in Port Orchard, WA comprising one-, two-, and three-bedroom homes set in a park-like setting with walking trails, clubhouse with media room, heated pool, outdoor spa, and BBQ areas.
• Camber Apartments A 324-unit garden-style apartment community in Bremerton, WA featuring one-, two-, and three-bedroom homes with fitness center, outdoor pool, covered spa, 14,000 SF dog park, BBQ areas, and clubhouse.
• The Main Apartments + Lofts A 108-unit mixed-use project in Sumner, WA combining suburban garden-style and urban mixed-use components; the highest-density multi-family project in the area. Features a woonerf design, community garden, and Mt. Rainier views.
• Aster Townhomes A 54-unit two- and three-bedroom townhouse development in Sumner, WA with open floor plans, private two-car garages, patios, and balconies. The first product of its kind in the area, providing townhome-ownership options.
• Sawyer Trail A 566-unit master-planned rental community in Frederickson, WA with townhomes and single-level apartments, featuring more than two miles of trails, two clubhouses, a resort-style pool, fitness center, and community gardens.
• Salmon Creek Corporate Park A 267,700 SF industrial warehouse complex in Sumner, WA comprising two nearly identical buildings on 18.7 acres, accommodating tenants as small as 30,000 SF. 2016 NAIOPWA Industrial Development of the Year finalist.
• Valley South Corporate Park An award-winning 2.1 million SF industrial park in Sumner, WA comprising 12 buildings and 10 acres of trailer parking. 1998 NAIOP and SIOR Industrial Development of the Year; the project that pioneered the Sumner Industrial District.
• Centralia North Corporate Park A 1.2 million SF distribution facility on 100 acres in Centralia, WA built for Michael's NW Distribution Center in two phases over four years; recipient of multiple NAIOP Washington and SIOR Industrial Development awards.
• Sunrise Village A 550,000 SF lifestyle retail center on 65 acres in Puyallup, WA anchored by Target and LA Fitness, featuring a mix of national retailers, restaurants, and entertainment venues. 2009 NAIOP Washington Retail Development of the Year.
• Kent Station An 18.2-acre contemporary open-air urban village in Kent, WA with 55+ restaurants and retailers, anchored by a 14-screen AMC theater and adjacent to Sound Transit's Kent Station. Developed in multiple phases between 2004 and 2016.
• The Club at Uplands A 6,000+ square foot amenity hub at the center of the Uplands master-planned community featuring a resort-style heated pool, hot tub, BBQs, reflection pond, bocce ball court, firepits, fitness center with locker rooms, self-serve coffee bar, media room, and event spaces with views of Mount Rainier. Provided to Uplands residents as part of the master-planned community HOA amenity package.
• Uplands Phase II Phase II expansion of the Uplands master-planned community adding 137 homes with data-driven designs including flexible multi-generational floor plans, modern kitchens, improved storage, and energy efficiency. Delivered in partnership with Lennar and Century Communities as homebuilder partners.

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Trammell Crow Residential: National multi-family developer (Trammell Crow Company subsidiary) building garden-style and podium apartments across the US, including Pacific Northwest markets. Directly comparable product type, scale, and institutional delivery model.
• Goodman Real Estate: Global industrial and logistics real estate developer with US operations developing large-scale Class A distribution parks comparable to Tarragon's SeaPORT Logistics Center, Salmon Creek, Valley South, and Centralia North corporate parks.
• Schnitzer West: PNW-focused commercial real estate developer specializing in office, multifamily, and mixed-use projects across Seattle, Bellevue, Portland, and Denver. Comparable long-term hold investor-developer model and regional concentration in the Pacific Northwest.
• Vulcan Real Estate: Seattle-based diversified real estate developer with deep PNW roots, developing office, life sciences, residential, and mixed-use projects in the Puget Sound region. Most directly comparable to Tarragon on geography, ownership structure (Paul Allen legacy foundation-controlled), and full-lifecycle development capabilities.
• Holland Partners: Pacific Northwest-focused multi-family developer and builder based in Seattle, where Tarragon's newly promoted Senior Director of Construction spent nearly 13 years. Highly comparable product type (multi-family apartments and townhomes) and regional footprint in Puget Sound.
• Mill Creek Residential Trust: National multi-family developer with significant PNW activity where Tarragon's Development Manager previously worked. Directly comparable on garden-style apartment product type (Tilden, Glacier Run, Camber) and class A build profile.
• Legacy Partners: Multi-family residential developer with West Coast presence where a Tarragon Development Manager previously worked. Comparable on multi-family apartment and townhome product and similar project scale (100-400+ unit communities).

Emerging players

• Conner Homes: Pacific Northwest homebuilder partnered with Tarragon at Uplands. Comparable for-sale residential product type, though smaller in scale and operating as a builder rather than master-planned community developer.

Others

• CBRE Group: Global commercial real estate services firm that Tarragon partners with for industrial tenant representation at SeaPORT Logistics Center. Relevant as an ecosystem participant and capital markets/services counterparty rather than direct developer competitor.

Broad incumbents

• Lennar: National homebuilder partnered with Tarragon at Uplands master-planned community in Puyallup. Relevant as a channel partner and comparable for-sale residential product, but operates at vastly larger national scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/tarragonrealestate

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tarragon Corp