What Segale Properties does

Segale Properties is a fourth-generation, family-owned commercial real estate development and property management firm headquartered in Tukwila, Washington. The company's land holdings trace to 1909, when Louis Segale acquired farmland in the Tukwila valley; the modern Segale Properties entity was formed in 1998 after the family divested its heavy civil construction business, M.A. Segale, Inc., to focus on real estate. Led by Mark Segale following founder Mario Segale's passing in 2018, the company operates without external investors or institutional ownership and serves enterprise tenants across Washington State.

The company operates four divisions — Commercial, Industrial, Agricultural, and Natural Resources — managing a portfolio that includes over 3 million square feet of developed industrial, office, and retail space, 391 acres of pad-ready mixed-use development capacity, approximately 1,500+ acres of natural resource extraction lands, and 468 acres of vineyard and farmland. Core assets are The Prato District (a 391-acre mixed-use master-planned development in Tukwila approved for 10.3 million SF of office, commercial, retail, flex, R&D, and residential space with SEPA environmental review completed), Pacific Gateway Business Park (1.34 million SF of industrial warehouse space on 120 acres in Kent, WA, with 135-foot truck corridors and 30–36 foot clear heights), Segale Retail Center (112,000 SF adjacent to Southcenter Mall in Tukwila), and Tukwila South 981 (312,018 SF commercial/industrial). Natural resource assets include Frenchman Hills Quarry (338 acres, Othello), Auburn Pit (over 1,000 acres under long-term lease), Olympia Pit (600 acres with Burlington Northern rail access), and Lang Pit (27 acres). Agricultural holdings include Frenchman Hills Vineyard (468 acres, Othello) and Columbia Basin farmland leased for irrigated, organic, dryland wheat, and rotational crop operations.

Revenue is generated through long-term subscription-style leases across all four divisions — commercial/industrial leasing, ground leases at The Prato District, agricultural leases, and natural-resource extraction leases. Pricing is quote-based and not publicly disclosed. The company markets directly to enterprise tenants through its corporate website, downloadable property brochures, and direct phone outreach, with no intermediary brokers. Named customers include national retailers Total Wine, Office Depot, Barnes & Noble, and Mattress Firm at Segale Retail Center, industrial users across the Kent Valley at Pacific Gateway, and an international aggregate extraction company at Auburn Pit. The company employs 101–250 people across property management, landscape operations, and heavy equipment roles, and is privately held with no public ticker, no disclosed revenue, no funding rounds, and no external institutional capital.

Name

Segale Properties

Legal name

Segale Properties LLC

Website

https://segaleproperties.com

Company type

Private

Founded year

1909

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Tukwila

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain

Revenue model

1. Commercial and Industrial Property Leasing: Long-term leasing of industrial warehouses, office space, and retail space. Properties include Pacific Gateway industrial buildings and Segale Retail Center.
2. Natural Resource Leases: Long-term leases of rock and gravel pits (Frenchman Hills Quarry, Auburn Pit, Olympia Pit, Lang Pit) to prominent companies for aggregate extraction.
3. Agricultural Land Leasing: Leasing of farmland in Eastern Washington's Columbia Basin for irrigated conventional and organic rotational crops, dry land wheat, and vineyard operations.
4. Mixed-Use Development - Ground Lease: Long-term ground lease of parcels within The Prato District for mixed-use development including office, commercial, retail, flex space, R&D, and residential.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Segale Properties develops, owns, and manages a diversified portfolio of commercial, industrial, mixed-use, agricultural, and natural resource real estate assets throughout Washington State. The company generates income through long-term leases of warehouse, office, retail, flex, and R&D space; long-term ground leases of pad-ready land for mixed-use development; agricultural land leases for crop and vineyard operations; and leases of rock and gravel pits for aggregate extraction.

Product overview

Segale Properties is a fourth-generation, family-owned commercial real estate development and property management company offering a diversified portfolio of property types and divisions. The company operates four main divisions: Commercial Division (retail and office properties), Industrial Division (warehouse and manufacturing facilities), Agricultural Division (vineyard and farmland), and Natural Resources Division (rock and gravel pits). Key products include The Prato District, a 391-acre mixed-use development project, Pacific Gateway industrial business park, Segale Retail Center, and Tukwila South 981 for commercial/industrial space, along with agricultural assets including Frenchman Hills Vineyard and various natural resource extraction pits throughout Washington State.

Differentiator

Problem solved

Functional benefit

Brands

• Frenchman Hills Quarry: A 338-acre rock quarry located in Othello, WA.
• Frenchman Hills Vineyard

Products and services

• The Prato District A 391-acre master-planned mixed-use development in Tukwila, WA with 250 acres of pad-ready development approved for 10.3 million square feet of office, commercial, retail, flex, R&D, and residential space, plus 130 acres of green space and preserved forests. Offered via long-term ground leases to large mixed-use developers.
• Pacific Gateway

Quantifiable outcome

• Developed over 3 million square feet of industrial, office, and retail space
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Wright Runstad & Company: Seattle-based commercial real estate developer and investor focused on office, industrial, and mixed-use properties across the Puget Sound region; highly comparable to Segale as a regionally anchored, long-tenured CRE operator competing for similar tenants and development sites in Western Washington.
• Schnitzer Properties: Tukwila-located commercial realestate firm developing and managing office, industrial, and mixed-use assets in the Puget Sound region; directly comparable given shared Tukwila headquarters geography and overlapping product mix in industrial and mixed-use space.
• Panattoni Development Company: Large industrial developer with significant Pacific Northwest activity building Class A logistics and warehouse product similar to Pacific Gateway; directly comparable given shared focus on modern industrial space for logistics and distribution tenants in the Kent Valley and broader West Coast.

Peers

• Sabey Corporation: Seattle-headquartered privately held real estate company with a portfolio spanning industrial, office, data centers, and mixed-use assets across the Western U.S.; directly comparable as a large private, family-influenced operator pursuing long-term holdings in the Pacific Northwest.

Broad incumbents

• Vulcan Real Estate: Paul Allen's real estate arm and one of the largest private real estate developers in the Pacific Northwest, with deep holdings in office, lab, residential, and mixed-use; comparable as a major regional developer and landlord, though at substantially greater scale and broader asset scope than Segale.
• Prologis: Global industrial REIT with material Pacific Northwest warehouse holdings; broad-incumbent comparable given Segale's industrial focus, especially competition for institutional logistics tenants across the Kent Valley industrial corridor.
• Trammell Crow Company: National commercial real estate developer with active Pacific Northwest industrial, office, and mixed-use projects; broad-incumbent comparable given shared pursuit of large-scale ground-up development and tenant relationships across regional logistics corridors.

Regional players

• Kidder Mathews: Largest independent commercial real estate firm on the West Coast, providing brokerage, property management, and advisory services across the Pacific Northwest; comparable as a regional CRE services peer operating in shared tenant and asset categories even though Segale owns the assets rather than providing third-party services.

Emerging players

• Dermot Company: Seattle-area real estate investor and developer with multifamily and mixed-use holdings across the Puget Sound region; partially overlapping as a regional mixed-use developer, though more weighted to multifamily than Segale's industrial/land-lease focus.

Others

• Liberty Mutual Investments (real estate): Institutional investor with sizable Pacific Northwest real estate holdings including industrial and mixed-use assets; thematically comparable as a long-term holder of Western Washington commercial real estate, though functioning as an investor rather than an operating developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Segale Properties