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Home Finance Blackstone Affiliate Sells 81,215 SQFT Andover Distribution Center in Tukwila for $35.3MM to Kayne Anderson
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Blackstone Affiliate Sells 81,215 SQFT Andover Distribution Center in Tukwila for $35.3MM to Kayne Anderson

June 10, 20262 Mins read566
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PS Business Parks, Blackstone, San Francisco, Los Angeles, Inland Empire, Seattle industrial real estate warehouse
Photo by CHUTTERSNAP on Unsplash
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At roughly $435 per square foot for a 1966-vintage building on nearly 7.7 acres near Sea-Tac Airport, the May 26 transaction signals that well-located infill industrial in Tukwila's freeway corridor can still command a premium even as the broader Puget Sound market grapples with an 11.5 percent vacancy rate and softening rents. An entity affiliated […]

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