Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Seattle & Northwest  + Seattle  + Industrial  |  June 19, 2024
Jasmine Kilman
By: Jasmine Kilman

Prologis Announces $50M Redevelopment at the Port of Tacoma

Prologis Inc. is planning a $50 million redevelopment of one of its industrial buildings located in the Port of Tacoma.

The logistics real estate firm submitted pre-application documents for the project, called Building 9, reported the Puget Sound Business Journal. Prologis owns an existing 204,000-square-foot building on the site at 2602 Port of Tacoma Road. The property was built in 1962 and is currently valued at $4.5 million.

Prologis is one of the largest industrial property owners in the Seattle area, with 160 properties totaling over 25 million square feet. In the Tacoma submarket, Prologis has a variety of warehouses along the I-5 corridor, located near the Port of Tacoma. The company also has industrial properties in Seattle, Everett, Kent Valley, and Renton.

“We are hearing from our customers that they need more modern and sustainable logistics facilities with access to the Port of Tacoma,” Mattie Sorrentino, a spokesperson for Prologis, told the Journal.

Connect

Inside The Story

Prologis

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
Order Reprints
New call-to-action