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CenterPoint Properties Claims Auburn & Tukwila Facilities

Oak Brook, IL-based CenterPoint expanded its Puget Sound portfolio with the addition of a pair of industrial facilities for roughly $28.6 million. The acquisitions include 1701 Pike St. in Auburn (pictured) and 365-369 Upland Dr. in Tukwila.

The 126,000-square-foot Pike Street site is situated on 7.04 acres near Seattle-Tacoma International Airport and the Port of Tacoma. The low-coverage, modern cross-dock asset is a rare sub-150,000-square-foot facility in the Kent Valley area.

CenterPoint’s Greg Pearson says, “This ‘workhorse’ is built for speed. As soon as the CenterPoint construction team completes the repositioning, this transload will be the belle of the ball.”

KBC Advisors’ Tony Miltenberger and Matt Wood, along with Kidder Mathews’ Matt Murray brokered the transaction and will market the property for lease.

CenterPoint also acquired a 57,100-square-foot distribution center at 365 Upland Dr. in Tukwila in an off-market, sale-leaseback with Spider. Kidder Mathews’ Chris Corr handled the sale for Edmonds-based Triple H Development LLC.

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Connect With CenterPoint’s PearsonConnect With KBC Advisors’ MiltenbergerConnect With Kidder Mathews’ Murray

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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