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Newmark Arranges Sale of Tacoma Industrial Property
Newmark has arranged the sale of 3102 S. Pine Street, a 194,857-square-foot industrial property located in Tacoma, Washington. The property sold for an undisclosed amount.
Newmark Executive Managing Directors Andrew Briner and Jim Linn, Associate Director Aaron Banks and Senior Analyst Luke Easton, in collaboration with Vice Chairmen Thad Mallory and Taylor Hoff, represented the seller, CenterPoint Properties. The buyer was Goodwill of the Tacoma Goodwill Industries.
“The sale of 3102 S. Pine Street drew double-digit offers from top-tier institutional investors, reflecting the high demand for premium industrial assets with superior trailer parking, extensive loading capabilities and proximity to the Port of Tacoma,” said Linn. “Goodwill’s determination to secure ownership underscores its long-term commitment to strengthening its operational presence in the region.”
The industrial facility, situated on 10.6 acres in the Fife/Tacoma submarket, is a mission-critical asset featuring 24-foot clear heights, 36 dock-high loading positions and three grade-level loading positions.
