By Jack Stubbs
On September 13th, in a transaction that was recently recorded, two industrial/warehouse buildings in Dupont sold for a combined $10.3 million, Pierce County records show. The buyer was Carpenters-Employers Apprenticeship and Training Trust Fund of Washington based in Kent. The seller was Dupont Real Estate LLC, an entity affiliated with Davis Property & Investment (DPI), a company that develops industrial, flex- and office projects throughout the Pacific Northwest.
The subject property, located at 2575 Williamson Place in Dupont, includes two industrial properties that total nearly 50,000 square feet, according to public documents. The first is an industrial flex mall building constructed in 2019 that totals 30,061 square feet, while the second is a 19,400 square foot storage warehouse built in 2008.
According to Google Maps, the two-building property shares the same address as DuPont Carpenters Training Center, which is affiliated with The United Brotherhood of Carpenters (UBC), one of North America’s largest building trades unions, which trains and educates construction industry professionals.
The property is roughly one mile from downtown Dupont and 18 miles south of downtown Tacoma, also offering convenient access to Interstate-5.
Originally founded in 1998, DPI has developed a number of industrial, distribution, flex and office projects throughout the Seattle and Portland markets, according to the company’s web site. The company provides a range of development services for projects, including feasibility analysis, land-use entitlement, permitting and design, as well as asset-management services.
Some of DPI’s industrial assets throughout the Puget Sound region include Center Plaza 1, a fully-leased, 35,640 square foot property near Joint Base Lewis McChord in Dupont; the 117,258 square foot Cumberland Industrial Center in Kent, and Davis 70, a 55,000 square foot industrial building in Fife.