OAK BROOK, Illinois warehouse provider CenterPoint Properties has announced the acquisition of a 294,912-square foot distribution centre at 7650 South 228th Street in Seattle area Kent, Washington.
Located on 14.38 acres, this low-coverage site will be leased by a diversified logistics solutions provider, said Centerpoint. Thad Mallory of Kidder Mathews represented CenterPoint and the seller in this off-market transaction.
'We are excited to continue our momentum in the Greater Seattle Area and bring this property into our active west coast portfolio,' said CenterPoint vice president Ryan Dunlap.
'The combination of a one per 3,553-square foot dock ratio and a 1.76 stalls per door ratio positions the asset at the crossroads of e-commerce and port logistics,' he said.
The building includes an above market standard door count with 78 exterior docks, all equipped with full packages. Additional property features include 30 feet of clear height and 137 on-site trailer-parking positions.
Located on 14.38 acres, this low-coverage site will be leased by a diversified logistics solutions provider, said Centerpoint. Thad Mallory of Kidder Mathews represented CenterPoint and the seller in this off-market transaction.
'We are excited to continue our momentum in the Greater Seattle Area and bring this property into our active west coast portfolio,' said CenterPoint vice president Ryan Dunlap.
'The combination of a one per 3,553-square foot dock ratio and a 1.76 stalls per door ratio positions the asset at the crossroads of e-commerce and port logistics,' he said.
The building includes an above market standard door count with 78 exterior docks, all equipped with full packages. Additional property features include 30 feet of clear height and 137 on-site trailer-parking positions.