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AUBURN, WASH. — CenterPoint Properties has completed the disposition of Pike Distribution Center, an industrial building in Auburn, approximately 20 miles south of Seattle. KRL Legacy LLC, an entity of Ace Relocation System, acquired the property for $26.6 million.
Kraig Heeter and Mike Newton of Kidder Mathews represented the buyer, while Matt Murray of Kidder Mathews, along with Matt Wood of KBC Advisors, represented the seller in the deal.
KRL Legacy will occupy a portion of the 108,000-square-foot Pike Distribution Center, with the remaining 50,400 square feet being marketed for lease. The property offers 25-foot clear heights and secured and fenced trailer parking.