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Elion Closes on Third Puget Sound Logistics Facility in Six Months

Elion Partners recently acquired 223,656 square feet of logistics space on Monster Road in Renton, WA.  This acquisition marks Elion’s third in a series of transactions in the Puget Sound region in slightly less than six months.

In February, Elion closed on the Kent Valley Ryerson Building, which followed quickly after its November purchase of the South Everett Intracorp Building. The private equity real estate investment firm focused on first, middle and last-mile logistics real estate targets core urban logistics hubs near large population centers in infill coastal markets.

“We are excited to expand our last-mile logistics portfolio within the Seattle market and bring The Elion Way, our way of doing business, to the Pacific Northwest,” said James Lambert, senior managing director of industrial investments at Elion. “Every group wants to do deals. We want to do deals the right way.”

Selective sourcing in supply-constrained locations has produced reliable pre-market opportunities for the firm. This is highlighted by the fact that both the Renton acquisition and its recent Ryerson Building acquisition are those types of transactions.

“Elion truly understands the core dynamics driving the market. Furthermore, they have established a record of integrity in dealing with sellers,” says Christian Mattson, Lee & Associates’ principal, who along with Billy Moultrie and Chris Peterson, principals, represented Elion in the firm’s three recent Seattle-area transactions totaling more than 450,000 square feet.

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About Lisa Brown

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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