Northwest Building LLC Acquires Industrial Property In Tukwila From RREEF Property Trust For $76.5M

The property asset involved in this transaction is located at 3225 South 116th Street, Tukwila, WA. It is an industrial asset with a sale price of $76,500,000. The total square footage of the property is 270,000, resulting in a price per square foot of $283.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $76,500,000
• Buyer: Northwest Building LLC
• Seller: RREEF Property Trust
• Square Footage: 270,000
• Price per Square Foot: $283
• Market: Tukwila, WA

Northwest Building LLC acquired the Gateway North property from an affiliate of RREEF Property Trust, further indicating the strategic interests of both parties in the industrial sector of Tukwila, Washington.