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Seattle & Northwest  + Seattle  + Industrial  |  April 30, 2024
Jasmine Kilman
By: Jasmine Kilman

108K-SF Industrial Property in Auburn Fetches $27M

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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Kidder MathewsCenterPoint

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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