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Sign in Sign up for a FREE subscriptionDalfen Industrial acquires large Seattle-area industrial park
Dalfen Industrial announced the acquisition of a newly developed, three-building, 711,855-square-foot industrial park in the Seattle suburb of Tacoma, Wash. The property is in close proximity to I-5, SR-512, and the Port of Tacoma.
The Tacoma Supply Chain Center, located in Frederickson off of 176th Street, was acquired off market and is situated within the broader Pierce County industrial submarket of Seattle. This submarket experienced 67 percent of Seattle’s total net absorption in 2020 and continues to be in high demand. Tenants are migrating south of Seattle’s Kent Valley submarkets in search of better value, newer/more functional product, and a stronger labor market.
“What’s occurring in Frederickson is a testament to the continual evolution of Seattle and growing demand in the submarkets south of the Kent Valley. The property provides best-in-class, modern property amenities and ideally meets the tenant demand of the area,” said Rich Weiss
