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In the News

March 13, 2017

Renton Industrial Trades for $6.5M

CoStar Group

Elizabeth Davis

Industrial Property Trust, Inc. and Dividend Capital purchased the industrial building at 700 SW 34th St. in Renton, WA for approximately $6.49 million, or $157 per square foot, from Springbrook Creek Real Estate Holdings LLC.

Building in 2006, the 41,323-square-foot manufacturing facility sits on close to two acres in the Renton Industrial submarket. The seller signed a leaseback deal to continue occupying the building as Diamond Marketing Solutions.

Thad Mallory with Kidder Mathews represented the buyer in the sale.

Please refer to CoStar COMPS #3831043 for more information on the transaction.

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