Judson H. Clendaniel, MAI
Vice President
Valuation Advisory Services
Career Summary
Jud was graduated from Washington State University in 1978 with a Bachelor of Arts Degree in Business Administration with a major in Real Estate and joined the old Eastman and Allen Company the Monday after. He was awarded the MAI designation in 1986 and two years later formed his own company specializing in larger income and special purpose properties. He became a V.P. and Manager of CB Richard Ellis's Seattle office where he participated in assignments ranging from office towers to regional malls throughout the Western United States. Jud reformed the Clendaniel Company in 1992, again specializing in larger income and special purpose properties. He joined Kidder Mathews Valuation Advisory Services in 2011. He has extensive discounted cash flow as well as leasehold/leased fee analysis experience. He has taught both Real Estate Principals and Advanced Income Capitalization at Bellevue Community College. He is one of the authors of the Appraisal Institute's current industrial textbook, Appraising Industrial Properties, and authored Telecommunications Infrastructure Properties in The Appraisal Journal (Summer 2005).
His focus has been on lending, corporate, institutional and pension fund appraisals, however he has also been involved with arbitration, litigation and right of way work. Knowing that the commercial markets are interrelated, he has kept a broad focus on office, retail and industrial properties with analysis tailored to the needs of a diverse clientele. Retail assignments have ranged from big-box stores, including the region's largest (Fry's in Renton) to dozens of neighborhood centers with their variety of anchor to pad site tenants. Office property assignments include headquarters buildings for the FAA, Boeing Computer Services, Seattle Genetics, AT&T, Group Health, Lamonts and Teledesic as well as multi-tenant buildings and high-rise structures in suburban and CBD locations. He is perhaps best known for his industrial work with assignments that include Nintendo, GE's jet engine plant, Boeing manufacturing facilities, Peterbilt Trucks, Sun Sportswear, Shasta Beverage and the former Rainier Brewery. This diverse commercial experience aided in the firm's special purpose work that ranges from multi-plex theaters, bowling alleys and cold storage facilities to batch plants, churches and airplane hangars. It has included Kenmore Air Harbor seaplane ports, the Naval Undersea Warfare Center (Keyport), and the area's largest church (SeaTac) and the world's largest telco hotel and data center (Tukwila).
He is a licensed General Real Estate Appraiser in the State of Washington and is Washington State Department of Transportation approved for both appraisal and appraisal review. He currently serves as a board member for the Seattle Chapter of the Appraisal Institute and has served on a variety of Seattle Appraisal Institute committees including Ethics & Counseling, Experience Review, Candidates Guidance and currently serves as the Chapter's Newsreal Editor. He spent 12 years on the Bothell Shorelines Hearing Board. He grew up in Ballard and with his wife, Debbie, raised two sons in Bothell.
Education
Washington State University: Bachelor of Arts, Business Administration, Major in Real Estate (1978). All courses required for MAI designation. Industrial Valuation. Numerous seminars and related courses.
Representative Past Appraisal Assignments
INDUSTRIAL
- ABF Truck Terminal, Kent
- Associated Grocers Distribution & Cold Storage, Seattle
- Augat Communications Regional HQ, Kent
- Boeing Manufacturing Facilities, Seattle & Renton
- East Valley Distribution Center, Kent
- Eldec Corporation, Bothell
- Fife Business Park, Fife
- Flow International Headquarters, Kent
- Foster Industrial Park (plat), Kent
- GE Jet Engine Plant, Seattle
- Graham Steel, Kirkland
- Helly Hanson Raingear, Redmond
- Intergate, Telco Hotel & Data Center, Tukwila
- Landing Center, Kent
- Lincoln Moving & Storage, Kent
- Magnolia Hi Fi, Kent
- Mazda Distribution Center, Kent
- MCI Worldcom Switching & Data Center, Renton
- Nintendo of America, Redmond
- Northwest Distribution Center, Kent
- Pacific Coast Feather Co., Stanwood
- Park 277 (plat), Kent
- Peterbilt Trucks, Seattle
- Provisioners Truck Terminal, Auburn
- Puget Sound Plywood Mill, Tacoma
- Rainier Brewery (former), Seattle
- Rudd Paint Factory, Seattle
- Sea-King Industrial Park, Seattle
- Shasta Beverage Plant, Tukwila
- SpaceLabs Building, Redmond
- Springbrook Business Park
- Stoneway Concrete Plant, Renton
- Sun Sportswear, Inc., Kent
- The Park at Woodinville, Woodinville
- Valley Avenue Business Park, Puyallup
- Vernell's Fine Candies, Bellevue
- Washington Iron Works, Seattle
- West Coast Paper, Kent
- Western Distribution Services I, II, III, Kent
- Whirlpool, Bellevue
OFFICE
- Advanced Technologies Laboratories, Bothell
- AT & T, Bothell/Redmond
- Boeing Computer Services I & II, Renton
- Boren & James Medical Center, Seattle
- Civica Office Commons, Bellevue
- FAA Regional Headquarters, Renton
- Group Health, Seattle
- Homeland Security Building, Tukwila
- Humongous Entertainment, Bothell
- Kilroy SeaTac Center, SeaTac
- Lamonts Headquarters, Kirkland
- Leavitt Building, Bellevue
- Microsystems, Kirkland
- Minolta Building, Tukwila
- Northup North Office Park, Bellevue
- Park Place, Kirkland
- Park View & Waterside Buildings, Seattle
- Plaza at Yarrow Bay I & II, Bellevue
- Queen Anne Square, Seattle
- R.R. Donnelley & Sons, Seattle
- Sammamish Park Place, Issaquah
- SeaMed Buildings I & II, Bothell
- Seattle Genetics, Bothell
- Sierra Building, Kirkland
- Southland Regional Headquarters, Tukwila
- Teledesic Building, Bellevue
- The Wharf Building, Seattle
- Thousand Trails Headquarters, Bellevue
- Touchstone Building, Kirkland
RETAIL
- AutoZone (numerous)
- Ballard Computer Building, Seattle
- Barnes & Noble, Issaquah
- Best Department Stores, Lynnwood/Bellevue
- Computer City, Tukwila
- Costco (numerous)
- Denny's Restaurants (numerous)
- Eagle Hardware (numerous)
- Fry's Electronics, Renton
- HomeClub, Bellingham/Lynnwood
- IHOP Restaurant, Issaquah
- K-Mart (numerous)
- Larry's Market, Seattle
- Les Schwab Tire Stores (numerous)
- Lowe's Hardware & Garden, Federal Way
- Pay 'n Pak (numerous)
- Rite Aid Drug Stores (numerous)
- Sears Homelife Store, Tukwila
- Staples Office Superstores (numerous)
- Texaco Star Marts (numerous)
- United Buy & Sell, Everett
- University Book Store, Bellevue
- Walgreen's Drug Store, (numerous)
- Wild Ginger Restaurant, Seattle
SHOPPING CENTERS
- Alderwood Towne Center, Lynnwood
- Bear Creek Village, Redmond
- Bella Bottega, Redmond
- Cassata Lago Shopping Center, Cottage Lake
- Eastgate Plaza, Bellevue
- Factoria Square (subregional), Bellevue
- Firdale Village, Edmonds
- Golde Creek Plaza (Nordstrom Rack), Lynnwood
- Green Firs Village Shopping Center, Tacoma
- Highland Marketplace, Renton
- Juanita Firs Shopping Center, Kirkland
- Kingsgate Shopping Center, Kirkland
- Langston Landing, Kent
- Meridian Place Shopping Center, Puyallup
- Mountain Valley Center, North Bend
- Park Village Plaza, Olympia
- Roosevelt Square, Seattle
- Sternco Shopping Center, Bellevue
- Summit Country Center, Puyallup
- Woodinville Plaza, Woodinville
- Woodinville Towne Center, Woodinville
OTHER
- Automotive Dealerships (numerous)
- Bonney Lake 10-Screen Cinemas, Bonney Lake
- Christian Faith Center, Sea-Tac
- Churches (numerous)
- Cold Storage Facilities
- Kenmore Air Harbor, Seattle & Kenmore
- Longston Place 14-Screen Theater, Puyallup
- Mill Creek Swim Club, Mill Creek
- Mini-Lubes (various)
- Mini-Storage (various)
- Naval Undersea Warfare Center, Keyport
- Peace Arch 6-Screen Theater, Blaine
- Pier 57, Seattle
- Pier 66 Parking Garage, Seattle
- Puget Power Substation (various)
- Service Stations (various)
- Sports World Bowl, Kent
- Ste. Michelle Winery, Whidbey Island
- Stoneway Batch Plant, Renton
- University of Washington Campus, Bothell
- Westpark Bowling Alley, Bremerton
- T
- 425.283.5780
- F
- 425.450.1179
- e-mail Jud
500 108th Avenue NE, Ste 2400
Bellevue, WA 98004
Select Client List
- AEGON USA Realty Advisors
- Allstate Insurance Company
- Bancshares Mortgage
- Bank of America
- Bank of California
- Birtcher Frank Properties
- BONZ Real Estate Advisors, Boston
- Bruce W. Solly Development
- City of Seattle
- City of Bellevue
- City of Bothell
- Columbia Bank
- Continental Savings Bank
- Continental Bank, Chicago
- First Bank
- First Interstate Bank
- First Mutual Bank
- Foster & Marshall
- Frontier Bank
- General Electric
- Glacier Real Estate Finance
- Glacier Park Company
- GMAC Commercial Mortgage
- Helly-Hanson, Inc.
- Key Bank
- King County
- Les Schwab Profit Sharing Trust
- Mellon/McMahan RE Advisors
- Mercantile Bank, NA
- Gary Merlino Construction
- METRO
- Missouri State Bank
- Mount Vernon School District
- National City Bank of Kentucky
- North Coast Mortgage
- Pacific First Federal
- Perkins Coie
- Port of Seattle
- Port of Everett
- Prudential-Bache Securities
- Puget Sound Energy
- Quadrant Corporation
- Rodgers Deutsch & Turner
- Sabey Corporation
- Schnitzer Northwest, LLC
- Seattle Mortgage
- Seattle-First National Bank
- Security Pacific Bank
- Snohomish County
- Southland Corporation
- Sprint Communications Co., LP
- State of Washington DOT
- State of WA, General Services
- Texaco
- TOSCO (British Petroleum)
- The RREEF Funds
- U.S. Bancorp
- United States Dept. of the Navy
- United States Postal Service
- Universal Field Services
- University Federal S & L
- Vernell's Fine Candies
- Washington Capital Management
- Wells Fargo Bank
- Washington Mutual Bank
- Weyerhaeuser Real Estate Co.
- Weyerhaeuser Mortgage
- Whirlpool Corporation
- Winmar Company, Inc.
Affiliations
- Member of the Appraisal Institute (MAI) #7349
- Board Member, Seattle Chapter, Appraisal Institute
- Newsreal Editor, Seattle Chapter, Appraisal Institute
- Certified General Real Estate Appraiser, Washington Cert. No. 1100149
- Past Shorelines Hearing Board Member, City of Bothell
- Past Member of Northwest Region Ethics & Counseling Panel, Appraisal Institute
- Past Regional Representative, Seattle Chapter, Appraisal Institute
- Past Member of Experience Review Committee, Appraisal Institute
- Past Candidates Guidance Chairman, AIREA Chapter No. 8
- Past Real Estate Instructor: Bellevue Community College
- Author; Chapter 16, Appraising Industrial Properties, (2005) Appraisal Institute
- Telecommunication Infrastructure Properties, The Appraisal Journal (Summer 2005): 278-287
Login