Panattoni Development Co. Acquires 20.47 Acre Industrial Property In Covington, WA For $12.2M

The industrial property located at 28009 Covington Way SE in Covington, WA has been sold in a transaction dated January 5, 2023. The property spans an area of 20.47 acres. The buyer of the property is Panattoni Development Co. The sale price for the transaction was $12,200,000.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $12,200,000
• Address: 28009 Covington Way SE, Covington, WA
• Market: Covington, WA
• Acres: 20.47
• Buyer: Panattoni Development Co.

The sale of this industrial property represents a significant deal in the Covington market. Panattoni Development Co. acted as the buyer's representative in this transaction.