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LBA Picks Up Pair of Puget Sound Assets
Irvine, CA-based LBA Realty acquired a two-building Puget Sound industrial portfolio for $14.5 million from an unnamed seller. The Kent Valley properties were Andover Park East, located at 720-790 Andover Park East in Tukwila, and the Allied Building at 19130 84th Avenue South in Kent.
The key industrial market is positioned between the Ports of Seattle and Tacoma, near SeaTac International Airport, and accessible from Interstates 5 and 405.
Built in 1974, Andover Park East is a 72,882-square-foot building on two acres of land near the Southcenter Mall. The property was partially leased to Moe’s Home Collection and Osum Event Rentals.
The Allied Building, completed in 1979, measures 30,000 square feet on 2.01 acres. It was fully leased to Allied Building Products Corporation.
Colliers International’s Bill Condon and Matt McGregor represented the seller, a private investor, and procured the buyer.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

