EverWest Real Estate Partners is pleased to announce the acquisition of 7011 South 182nd Street, a 2.29 acre industrial site in Kent, WA. With nearby access to West Valley Highway, the site provides quick access to Seattle Tacoma Airport, Port of Seattle and Port of Tacoma.
Once developed, the 42,982 square foot industrial building will feature all the typical state-of-the-art features of new concrete tilt-up construction including 26' clear height; ESFR; 50' by 50' bay spacing; 6 dock-high loading doors; and 1,200 amps of service.
Ryan Madson, Managing Director, comments, "This is an exciting opportunity to build on the success we had with our nearby Aldarra development that we completed earlier in the year. We continue to see strong tenant demand in the market as vacancies are at historic lows. We have already started construction on the site and hope to be complete in Q2 2017. Our development partner KGI has been great to work with and I would also like to thank Doug Klein with Kidder Mathews for his help on this transaction."
EverWest acquired the 7011 South 182nd Street site on behalf of a separate account with an institutional investor.