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Blackstone Subsidiary Plans Redevelopment Project in Kent
New York-based Link Logistics, a Blackstone Inc. subsidiary, has proposed to redevelop an aging warehouse campus in Kent, Washington.
The company plans to demolish four structures and replace them with two Class A speculative industrial buildings at 8118 S. 208th St., reported the Puget Sound Business Journal. The new buildings would total 469,530 square feet. The proposal calls for retaining one building in the existing five-building complex, bringing the total building area to more than half a million square feet. Plans show that the company would develop a concrete tilt-up warehouse and logistics facility with 655 parking spots. The new buildings would stand 42 feet tall.
Link Logistics has a large presence in the region, with its Seattle-area portfolio including 66 industrial properties totaling 7.3 million square feet. Specializing in last-mile warehouses and distribution facilities, the company owns and operates more than 3,000 properties across the United States.
