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Seattle & Northwest  + Seattle  + Industrial  | 

Kidder Mathews Closes First-Time Sale of Tacoma Industrial

Matt McLennan, SIOR, CCIM, an EVP at Kidder Mathews, represented the buyer in the purchase of the M Street Industrial Park in Tacoma, WA. Located at 2940 S. M St., the property was acquired for $5,000,000 as part of a 1033 exchange. It was the first time the property had come to market.

Located in Tacoma’s Nalley Valley, the property offers immediate access to Interstate 5 and Highway 16, with proximity to the Port of Tacoma and key regional industrial hubs. The 23,500-square-foot industrial complex, situated on 1.55 acres, is 100% leased and features five tenant spaces with grade-level doors, gated and fenced access, 21-foot clear height, three-phase power, and M1/M2-STGPD zoning allowing for a wide variety of uses.

“This acquisition represents a strategic investment for the buyer in a prime industrial corridor with strong long-term potential,” said McLennan.

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Kidder Mathews' McLennan

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition