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Seattle’s DuPont Corporate Center Trades, More Development Planned
St. Louis, MO-based CRG acquired DuPont Corporate Center at Northwest Landing from New York-based Fortress Investment Group LLC for a reported $60 million. The 1.6-million-square-foot, master-planned, institutional-quality business park is located on the former Intel campus in DuPont, WA, just 50 miles south of Seattle.
The property at 2800-2980 Center Dr. includes an existing 340,000-square-foot facility that will undergo extensive capital improvements. Phase 1 of the development is designed to include a 750,200-square-foot distribution facility. Construction is expected to begin summer 2018. Phase 2 plans include a 494,900-square-foot distribution facility.
A strategic regional logistics hub, DuPont Corporate Center is located near Interstate 5, less than 20 minutes from the Port of Tacoma, within one hour of Seattle and two hours of Portland.
CBRE-National Partners represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
