Seattle & Northwest + Seattle + Office | September 8, 2023

Lift Partners Pay $30M for M3 Business Center

Tukwila’s M-3 Business Park, at 1001-1061 Andover Park E., sold for $30 million to San Francisco-based investment company Lift Partners. The business center was listed for sale by George Rockwell of The Andover Co. and Zac Snedeker of CBRE, reported the Puget Sound Business Journal. The sellers are listed the JMS Family Trust and M-3 Properties LLC, which is governed by Michael Smooke.

The company plans to rehab the buildings, which span 32,365 square feet and occupy 7.2 acres at the business park located near Westfield Southcenter Mall and a Costco warehouse. The M-3 Business Park center has 13 tenants and is nearly fully leased. The property is conveniently located near the SeaTac Airport and offers easy access to both I-5 & and I-405, which are just five minutes away.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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