PUYALLUP, WASH. — Lincoln Property Co.’s Logistics Fund II has purchased Canyon Road Commerce Center, a 275,000-square-foot industrial campus in Washington’s Pierce County. Trammell Crow Co. and an affiliate of CBRE Investment Management sold the asset for an undisclosed price.
Located at 5103-5223 136th Street E. in Puyallup, Canyon Road Commerce Center features two Class A industrial buildings designed to accommodate a broad range of manufacturing, aerospace, logistics and distribution users, with suites that can accommodate tenants from approximately 40,000 square feet. The campus features 32- to 36-foot clear heights, 21 dock-high doors per building, substantial power capacity, LED lighting, fully securable configurations and Employment Corridor zoning.
Chris Spofford, Bill Honker, Scott Carter and David Cahill of JLL are handling leasing for the industrial campus. Canyon Road is the third acquisition for Lincoln Logistics Fund II, which has secured more than $280 million in capital commitments from two longstanding institutional investors, alongside Stone Point Capital and Lincoln employees.