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Seattle & Northwest  + Seattle  + Industrial  | 

Pair of Puyallup Industrial Buildings Trade in 1031 Exchange

A pair of industrial buildings in the Puyallup market traded hands in a transaction valued at $11.9 million. The acquiring entity, Green Valley Ridge Partners, LLC, purchased the properties as part of a 1031 exchange.

The two-property portfolio is located at 5526 and 5530 184th Street E. The buildings, totaling 81,800 square feet, were constructed in 2004 and are situated on a 5.6-acre land parcel. The modern industrial properties have a generous 30-foot clear heights, four dock high and five grade level doors. The buildings are within the Frederickson Industrial Park and are near SR 512 and the Port of Tacoma.

“There is strong demand for industrial space in Puget Sound and in this submarket in particular. The buyer came into the market as a result of an unsolicited offer on a prior asset,” said Brandon Thomas of Coldwell Banker Commercial Danforth, who represented the buyer.

The properties were fully leased at the time of the sale and one of the properties was leased back to the seller.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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