Thursday, May 14, 2015

HFF closes $11.2 million sale of 3-building industrial portfolio in Washington state

  
West Valley Distribution Center, 72nd Avenue South and West Valley Highway
Seattle/Puget Sound Region, Washington State

PORTLAND, OR – May 14, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $11.2 million sale of a three-building light manufacturing, flex and distribution portfolio totaling 138,296 square feet in the Seattle/Puget Sound region of Washington state.

Nicholas Kucha
 HFF marketed the property on behalf of the seller, a partnership between ScanlanKemperBard Companies and funds managed by Oaktree Capital Management, L.P. (Oaktree).  Industrial Property Trust Inc. (IPT) purchased the assets.   

 Located in the northern part of Kent, the portfolio consists of buildings I, III and V in the West Valley Distribution Center located at 72nd Avenue South and West Valley Highway. 

West Valley I & V are 100 percent leased to a diverse group of tenants spanning the manufacturing, distribution and construction industries.  West Valley III is a flex facility that is currently vacant but has the potential be divided into five tenant spaces and have rail access.

 The HFF investment sales team representing the seller was led by managing director Nicholas Kucha and senior real estate analyst James Childress with co-broker Wilma Warshak of Washington Real Estate Advisors.
  
For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com



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