Colliers International Represents Company in New Lease in SoDo
SEATTLE – Earlier this month, California-based online Asian supermarket giant Weee! relocated its Seattle distribution center to a 20,532-square-foot warehouse just south of downtown at 1950 6th Avenue S. Weee! was founded in 2015 in San Jose with a mission to become the primary source of groceries for Asian-Americans. The company offers more than 2,000 products not commonly available in larger supermarkets, delivered to the customer’s doorstep.
Co-founder and CEO Larry Liu noted, “Building on our success in California, we chose Seattle, another major technology center, as our second hub, bringing our grocery delivery service to a higher level with a larger audience.”
In less than four years, Weee! has become the largest Asian grocery delivery business in the United States, with over $35 million in annual revenue and 150% growth year-over-year. The company’s Seattle operation has seen trifold revenue growth in the four months since it established its first distribution center.
Colliers International’s Xinxin Li partnered with Godwin Moy of DBW Brokerage to represent Weee! in the transaction for its new location. Ms. Li stated, “We are excited to see Weee!’s rapid and promising growth in Seattle, and proud to be able to situate the company at the best possible location in SoDo. The building size accommodates Weee!’s current needs and projected near-term growth, and the column-free floor plan allows for maximum efficiency in the company’s operation.”
Weee! recently completed an A+ round of capital injection, with over $10 million invested by key venture capital groups like iFly.vc, Goodwater, Silicon Valley Bank, Welight and ZCapital. With that support, Weee! is confident and committed to covering 20 major U.S. cities in the next three years.
About Colliers International Group
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers and LinkedIn. To see the latest news on Colliers International in the Puget Sound Region, follow @CI_PugetSound on Twitter or check out the website at www.colliers.com/seattle.
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