Brookfield Adds Sumner Logistics Asset to Portfolio
As a target global gateway market, Seattle continues to be a focus for Brookfield Properties’ growing logistics business. The firm is focused on asset and portfolio aggregation, as well as ground-up development opportunities to complement the $2.3 billion of U.S. industrial and logistics properties it has accumulated during the last two years.
The latest addition to Brookfield’s U.S. logistics portfolio is located in one of the major logistics hubs of the Pacific Northwest at 3900 150th Ave. Ct. E in Sumner. It is home to two container ports which combine for one of the largest U.S. container gateways. The property has access to I-5 and is 20 miles to Seattle-Tacoma International Airport, providing critical infrastructure to surrounding population centers.
“With the first new addition in the area since 2018, our team is thrilled with this unique opportunity in one of the most desirable logistics submarkets of Seattle,” says Paul Jones, Brookfield’s vice president of investments. “We look forward to expanding Brookfield Properties’ presence in the Pacific Northwest.”
The rare newer-vintage freestanding building was built in 2015 and is 100 percent leased. The class-A asset features eight dock-high and 16 grade-level doors, 26-foot clear height and a wide range of divisibility options.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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