LaSalle Investment Management Acquires Industrial Property In Lacey, WA For $23.8M

The industrial property located at 3130 Hogum Bay Road NE in Lacey, WA has been sold in a transaction that took place on October 14, 2022. The property spans across 144,000 square feet and was acquired by LaSalle Investment Management for a sale price of $23,800,000, resulting in a price per square foot of $165. The transaction was facilitated by CBRE, representing the seller, Panattoni Development Co & GLP Capital Partners.

Summary of transaction details:

• Property Type: Industrial
• Sale Price: $23,800,000
• Square Footage: 144,000
• Price per Square Foot: $165
• Market: Lacey, WA
• Buyer: LaSalle Investment Management
• Seller: Panattoni Development Co & GLP Capital Partners
• Seller's Representative: CBRE

The sale of the property was completed with the involvement of key industry players, including LaSalle Investment Management as the buyer, and Panattoni Development Co & GLP Capital Partners as the sellers. CBRE acted as the representative for the sellers in the transaction.