Northeast Building LLC Acquires Gateway North Industrial Property In Tukwila For $76.5M

The property involved in this transaction is an industrial asset located at 3425 South 116th Street, Tukwila, WA. It has a total square footage of 266,476, and was sold for a transaction amount of $76,500,000, translating to a price per square foot of $287.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $76,500,000
• Square Footage: 266,476
• Address: 3425 South 116th Street
• Market: Tukwila, WA
• Buyer: Northeast Building LLC
• Seller: DWS Group
• Broker: JLL Capital Markets

Northeast Building LLC has acquired the Gateway North industrial property, marking a significant deal facilitated by JLL Capital Markets, which acted as the representative for DWS Group in this transaction.