CenterPoint Properties has sold Pike Distribution Center, a 108,000-square-foot industrial property in Auburn, Washington, for $26.65 million.
Kidder Mathews Executive Vice Presidents Kraig Heeter, SIOR and Mike Newton represented KRL Legacy, LLC., an entity of Ace Relocation System, Inc., in purchasing the property. CenterPoint was represented by Kidder Mathews Executive Vice President Matt Murray along with Matt Wood of KBC Advisors.
KRL Legacy will operate part of the property. Heeter and Newton are marketing the 50,400 square feet of unoccupied space for lease. “The exceptional freeway access and the thriving warehouse market in the Kent Valley make Pike Distribution Center a compelling long-term investment,” said Newton.
Pike Distribution Center is situated in the Kent Valley industrial hub and conveniently located near major confluences of Interstate 5, State Route 167, and Highway 18, minutes from the Port of Tacoma and SeaTac Airport. It is a 25-foot clear-height building with secured and fenced trailer parking.
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