Home Industry News CenterPoint Properties Acquires 13.9 Acres Adjacent to Port of Tacoma for $16.7MM

CenterPoint Properties Acquires 13.9 Acres Adjacent to Port of Tacoma for $16.7MM

Seattle, CenterPoint Properties, Port of Tacoma, Tacoma, Hylebos Waterway, Seattle-Tacoma, Pierce County records, I-5, SR-167
Image courtesy of CenterPoint Properties

(EDITOR’S NOTE: The sales price for the property was $16.7 million, according to Pierce County records).

OAK BROOK, IL – CenterPoint Properties is proud to announce the acquisition of 13.9 acres on the Hylebos Waterway at 1840 Marine View, Tacoma, Washington. This property is adjacent to the Port of Tacoma with rail, dock and launch way access on site.

“This site offers a unique combination of marine access, Tacoma Rail access and long term utility,” said Ryan Dunlap, Senior Vice President of Investments at CenterPoint. “We are thrilled to include this property in our Seattle-Tacoma portfolio.”

The property exhibits two unrestricted ingress/egress points along Marine View Drive and has premier access to the regional freeway system including I-5 and SR-167. CenterPoint plans to reposition the site as a best-in-class container storage facility long term.

About CenterPoint Properties
CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The Company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes. CenterPoint‘s portfolio includes 58.9 Million SF and 2,386 acres under development in the Company’s integrated intermodal industrial parks. For more information on CenterPoint Properties, visit centerpoint.com or follow @centerpointprop on Twitter.