Company History

About Wakefield Properties and The Evans Company

In 1996 Steven J. Malsam and James L. Evans joined forces to form Wakefield, a real estate development company. Together they represent a legacy of real estate experience and success. Mr. Evans and Mr. Malsam share ownersh​ip equally and both participate in the development process.

Wakefield has enjoyed a great deal of success and boasts a diverse portfolio. Since being created, Wakefield has developed and sold a 67-unit townhome project in Issaquah to Essex Realty Trust and a 500-unit apartment site in Marysville to Gateway Development for Navy housing. Wakefield put together an 60-acre land deal in Issaquah, developing and selling Trillium Heights at Issaquah Ridge, a 198-unit townhome project to Derus Development (retaining 20% interest), The Timbers, a 337-unit rental project to Simpson Housing, a 220-room assisted living facility site to Leisure Care, and a 160,000 sq ft Class-A office site to Opus Northwest. Wakefield’s experience also includes Freeport Bay, a 24-unit townhome project in Mukilteo, and Rivendale, a 76-unit townhome project in Mill Creek. Also on the list of multi-family sales, projects of note are Monterra, a 139-unit project in Mill Creek, DayBreak at Issaquah Ridge, a 90-unit condominium project, The Hawthorne at Mill Creek, a 284-unit rental project, The Kennedy Building a 125-unit apartment and commercial mixed-use mid-rise near the University of Washington, and Tambark Estates, a 131 small lot development in Mill Creek that was later sold to CamWest Development.

Commercial projects include a 170,000 sq ft retail center in Covington. Covington Center has proven to be a shopping destination for the surrounding area as Phase I is home to Office Depot, Payless Shoes, and Applebees; while Kohl’s and an additional 9,000 sq ft of retail occupy Phase II. Another successful commercial project is Mill Creek Town Center. Wakefield was honored for a 20/20 Vision award for the design and development of this 182,000 sf project. Phase I is anchored by specialty grocer Central Market and the University bookstore and Phase II consists of 69,000 sq ft of retail and office space which includes Boston Pizza, Pier 1 Imports, and The Everett Clinic. Both phases were recently sold to Panos Properties, LLC. Mira Vida, a 36-unit condominium building rounds out the dynmic shopping and living environment of Mill Creek Town Center. Snohomish Station is another destination shopping center, located in the heart of Snohomish, Washington. The 335,000 sq ft project is anchored by Fred Meyer, Kohl’s and Home Depot and includes tenants such as Outback Steakhouse, Subway, Verizon, Sally’s Beauty Supply, and Starbucks.​

Next for Wakefield is The Marketplace, a 211,000 sq ft commercial shopping center in Marysville, WA with neighboring 342 unit residential The Lodge apartment complex.  Also coming soon, is Covington Crossing 76,000 sq ft retail shopping center located at the crossroads of SR18 and SR516.

Wakefield's headquarters are located in Bellevue, Washington.  For more information about our team, please click on Team Bios.