BentallGreenOak Acquires 753000 Square Foot Industrial Building In Frederickson For $176 Million

BentallGreenOak acquired an industrial building located at 6921 192nd Street East in Frederickson, WA. The asset spans 753,000 square feet and was sold for $176 million, equating to a price per square foot of $234.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $176,000,000
• Address: 6921 192nd Street East
• Market: Frederickson, WA
• Square Footage: 753,000
• Price per Square Foot: $234
• Buyer: BentallGreenOak
• Seller: Panattoni & Crown Holdings
• Brokers: Jeff Chiate, Bryce Aberg, Jeffrey Cole, Charlie Jacobs & Matthew Leupold - Cushman & Wakefield

This transaction marks one of the largest commercial real estate deals in the Pierce County region this year, highlighting the significance of the FRED310 development in Frederickson.