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DALLAS, July 22, 2021 / PRNewswire / – Dalfen Industrial announced the acquisition of a newly developed industrial park comprising 3 buildings and an area of 711,855 square feet in the United States Seattle Suburb of Tacoma, WA. The property is located in close proximity to I-5, SR-512 and the Port of Tacoma.
The Tacoma Supply Chain Center in Frederickson on 176th Street was acquired over the counter and is located on the broader Pierce County industrial sub-market of Seattle. This sub-market recorded 67% of the Seattle Total net absorption in 2020 and remains in high demand. Tenants move south Seattle Kent Valley submarkets looking for better value, newer / more functional products and a stronger job market.
“What is happening in Frederickson is evidence of the continued development of Seattle and growing demand in the submarkets south of the Kent Valley. The property offers first-class, modern real estate equipment and is ideally suited to the area’s tenant demand, “said Rich Weiss, Market Representative for the West Region of Dalfen.
“Dalfen is focused on expanding our West Coast portfolio, with this asset being the third acquisition in two months,” said Sean Dalfen, President and Chief Investment Officer. “The foundations of the last mile of this project are superb given the proximity to the port of Tacoma and major roads and a large workforce and customer base. ”
In the past 12 months, Dalfen Industrial has well over $ 1.5 billion of industrial real estate in major metropolitan areas throughout The United States.
about us
Dalfen Industrial LLC is one of the nation’s largest buyers and developers of industrial real estate and a leader in the last mile real estate sector. Your investment focus is on strategically located urban infill warehouses and sales buildings. Dalfen currently owns and operates millions of square feet of prime industrial real estate throughout The United States.
Media contact:
press@dalfen.com
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SOURCE Dalfen Industrial
