August 28, 2019
Boston-based TA Realty acquired two industrial parks in southern King County for roughly $22 million. A local Puget Sound private investor family traded Pacific West Business Center in Kent and White River Corporate Park in Auburn (pictured). The two properties encompass four buildings on 6.3 acres of land in the Kent Valley.
Built in 1979 and located at 18852-18872 72nd Avenue S., Pacific West Business Center totals 60,530 square feet on a 3.3-acre campus setting. It is fully leased to nine tenants. White River Corporate Park at 2200- 2222 West Valley Highway N. measures approximately 60,852 square feet of warehouse space in two buildings. Built in 2004, it is fully leased to five tenants.
Colliers International’s Bill Condon and Matt McGregor arranged the deals. Condon says, “The Kent Valley is one of the strongest industrial markets in the country, due primarily to its location near the Ports of Seattle and Tacoma, Sea-Tac International Airport and rail connections.”
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