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Industrial Property Trust Snags 58-Acre Mill for Logistics Center

Industrial Property Trust (IPT) made an agreement with Interfor Corp., a Vancouver, B.C.-based lumber company, to acquire a 58-acre former sawmill in Tacoma, WA. Tony Kusak with Cushman & Wakefield Commerce in Seattle was lead broker on the $32.4-million transaction.

The Denver-based buyer will use the land to develop the IPT Tacoma Logistics Center. Upon buildout, the two industrial buildings at 733 E. 11th St. will total 1.1-million square feet. The center is anticipated to deliver during Q1 2018. Kusak will handle leasing for the site.

The lumber mill was one of four Simpson properties Interfor acquired for $94.7 million in March 2015. Simpson was shut down a couple of months later, as it was unprofitable.

For comments, questions or concerns, please contact Amy Sorter


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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Development
  • ◦Sale/Acquisition
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