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Seattle & Northwest  + Seattle  + Industrial  |  March 28, 2025
Jasmine Kilman
By: Jasmine Kilman

Pine Forest Properties Buys Amazon-Leased Warehouse for $51M

An entity affiliated with Pine Forest Properties, a commercial real estate investor, has acquired an Amazon-leased industrial building at 607 Riverside Road in Everett for $51 million.

Based in Bellevue, Pine Forest develops, acquires, and manages office, industrial and multi-family properties throughout the Pacific Northwest. Pine Forest acquired the property from global investment firm KKR.

KKR had previously purchased the site in 2020 for $45.1 million. The sale of the building, which serves as a fulfillment center, will not impact Amaon’s lease, reported the Puget Sound Business Journal. Developed by Panattoni Development in 2019 as part of the Riverside Business Park, the facility was leased to Amazon shortly after its completion. KKR was represented by CBRE’s Brett Hartzell.

Read More News Stories About: Amazon, CBRE, KKR
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Pine Forest PropertiesCBREPanattoniKKR

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.
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