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Trammell Crow, Carlyle JV Divests Tacoma-Area Distribution Facility
Fife I-5 Commerce Center, a newly-developed, 250,490-square-foot industrial distribution facility near the Port of Tacoma in Fife, WA, sold for reportedly $37.3 million. The property is fully leased to Associated Materials, Inc., a manufacturer of vinyl siding and windows.
NKF Capital Markets’ Kevin Shannon, Nick Kucha, Bret Hardy, Ken White and James Childress represented the seller, a JV of Trammell Crow Company and The Carlyle Group. The buyer was BlackRock.
Construction wrapped up in October 2017 on the facility situated on 14.95 acres at 2801 78th Ave. The Class A asset includes 32-foot clear height, 60 dock high loading doors, three grade doors, and roughly 10,000 square feet of office space.
Hardy says, “Fife I-5 Commerce Center was the first new, institutional-quality industrial property available for purchase within a five-mile radius of the Port of Tacoma since 2015. As a result, this high-quality project garnered a significant amount of capital interest.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
