MCA Realty has acquired Lakewood Business Park, a 136,350 square-foot multi-tenant industrial asset in Lakewood, Wash., within the Puget Sound metro area. The firm acquired the property for $18.2 million.
“Many areas throughout the Pacific Northwest have emerged as top performing markets over the last several years, including Tacoma,” said Tyler Mattox, principal at MCA Realty. “The Tacoma submarket is one of the tightest industrial submarkets in the region with sub 4 percent vacancy rates. Lakewood Business Center is located less than eight miles from the Port of Tacoma, which handles more than 10 million tons of cargo annually with an approximate value of $25 billion. Lakewood Business Center is also located less than 2 miles from the active joint army and air force base Lewis-McChord, which has a daytime population of more than 150,000 people and is the fourth largest military base in the U.S. The property’s close proximity to both the port and military base will c
