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Seattle & Northwest  + Seattle  + Industrial  |  January 6, 2025
Jasmine Kilman
By: Jasmine Kilman

CBRE Facilitates $64M Sale of Seattle Industrial Portfolio

CBRE has completed the sale of a 315,422-square-foot Seattle industrial portfolio. CBRE National Partners West’s Brett Hartzell and Paige Morgan, along with Andrew Stark and Andrew Hitchcock, represented the seller.

The portfolio includes two industrial facilities: Kent Valley DC II, Kent Valley DC IV. “This industrial portfolio represents irreplaceable real estate in the infill Kent Valley submarket,” said Hartzell. “Since 2021, only four trades of a similar scale and profile have occurred in the Kent Valley.” Kent Valley serves as a vital distribution hub for the Pacific Northwest.

The two high-quality distribution buildings were constructed between 1995-1997 and feature 30′ clear heights and a high dock door count. According to CBRE Research, Kent Valley rents have increased by 127% since 2015 and recorded a 13% rent growth in 2023, making it the most desirable submarket in the Pacific Northwest.

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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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