The Pike Distribution Center, a 108,000-square-foot industrial building located at 1701 Pike Street Northwest in Auburn, WA, was recently sold for $26.6 million. The sale was facilitated by brokers Kraig Heeter, Matt Murray, Mike Newton, and Matthew Wood. CenterPoint Properties sold the property to KRL Legacy LLC in a transaction with a price per square foot of $246.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $26,600,000
• Buyer: CenterPoint Properties
• Seller: KRL Legacy LLC
• Brokers: Kraig Heeter, Matt Murray, Mike Newton - Kidder Mathews & Matthew Wood - KBC Advisors
• Market: Auburn, WA

Kidder Mathews played a key role in facilitating the transaction, which involved CenterPoint Properties selling the industrial property to KRL Legacy LLC, affiliated with ACE Relocation System Inc. The deal showcases the collaboration between various professionals in the real estate industry, highlighting the importance of experienced brokers in successful property transactions.