Thurston County
South Sound Industrial Splits in Two as Big Tenants Return and Small-Bay Absorption Stalls at 9.8% Vacancy
Lee & Associates' August South Sound industrial report shows overall vacancy easing to 9.8 percent as tenants chasing blocks of 300,000 square feet...
Tourmaline Capital Acquires 384,000 SQFT South Sound Center in Lacey for $44.1MM
Tourmaline Capital paid $44.1 million for the Trader Joe’s-anchored Lacey shopping center, ending Capital Development Company’s roughly 60-year ownership and betting that Puget...
Lacey’s 54,000 SQFT Martin Way Business Park Trades for $9.1MM After Two-Week Bidding War
A Lacey flex-industrial park drew a bidding war and closed all-cash in under two weeks, a reminder that scarce, well-maintained South Sound product...
Rise Development Files Plans for 54-Unit Parkside Place Townhome Subdivision in Lacey
A developer known as Rise Development LLC has applied to rezone a 5.83-acre former school-and-church site in Lacey and subdivide it into 54...
Nisqually Tribe Launches 75,000 SQFT Red Wind Casino Expansion Near Olympia
The Nisqually Indian Tribe is set to break ground this month on a roughly 75,000-square-foot expansion of its Red Wind Casino off Yelm...
Costco Files Plans for 166,000 SQFT Warehouse and 20-Pump Gas Station in Tumwater
Costco Wholesale has filed a formal application with the city of Tumwater to build a 166,157-square-foot membership warehouse alongside a 20-dispenser fuel station...
Washington State Lists Two Downtown Olympia Buildings, 28,000 SQFT, for Sale Near Capitol Campus
The Washington State Department of Enterprise Services has opened public bidding on two adjacent state-owned buildings occupying half a block near the Capitol...
Thurston County Opens 56,000 SQFT Sheriff’s Headquarters in Former State Parks Building After $14.25MM Tumwater Buy
A former state agency headquarters near Interstate 5 has become the long-sought single home for Thurston County's law enforcement operations, financed entirely outside...
Tumwater Advances $18MM Southeast Water Reservoir to Unlock Residential Growth in Thurston County
The city of Tumwater has pushed its long-planned Southeast Water Reservoir to the 90 percent design mark, a 3-million-gallon tank and multi-mile water...
$11.1MM Loan Secured for 79-Unit Olympia Apartments
Thurston County’s apartment vacancy rate just hit its highest point in a decade, yet a lender was still willing to write a 30-year,...
Olympia Clears 478-Unit West Bay Yards on Budd Inlet, Denying Environmental Appeal
West Bay Development Group cleared a critical hurdle for its long-planned waterfront redevelopment when Olympia’s hearing examiner approved shoreline permits and rejected an...
64,000 SQFT Mottman Industrial Park Property Trades for $18.7MM in Tumwater
A repositioned 64,260-square-foot storage building at Tumwater’s Mottman Industrial Park has changed hands for $18.7 million, the largest of four Thurston County industrial...
