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| 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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