EQT Exeter Acquires Gayteway Business Park In Arlington For $70.6M

The industrial property located at 20101 67th Avenue Northeast & 19927 67th Avenue Northeast in Arlington, WA, was sold for $70,600,000. The property spans 365,000 square feet on 22.3 acres and features Class A industrial buildings with amenities such as dock-high loading, concrete truck courts, and 24- to 30-foot clear heights.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $70,600,000
• Buyer: EQT Exeter
• Seller: Chris Gayte & Brent Nicholson
• Brokers: Al Hodge - Broderick Group, Brett Hartzell & Paige Morgan - CBRE
• Address: 20101 67th Avenue Northeast & 19927 67th Avenue Northeast
• Market: Arlington, WA
• Square Footage: 365,000
• Price Per Square Foot: $193

EQT Exeter acquired Gayteway Business Park buildings B, C, F, and G from sellers Chris Gayte and Brent Nicholson in the transaction. The brokers involved in the deal were Al Hodge from Broderick Group, and Brett Hartzell & Paige Morgan from CBRE.