{"id":1004248547,"date":"2018-08-09T06:09:31","date_gmt":"2018-08-09T14:09:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004248547"},"modified":"2022-12-07T05:25:45","modified_gmt":"2022-12-07T13:25:45","slug":"centerpoint-completes-seattle-portfolio-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/centerpoint-completes-seattle-portfolio-deal\/","title":{"rendered":"CenterPoint Completes Seattle Portfolio Deal"},"content":{"rendered":"<div id=\"attachment_1004248550\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/5960-5990-1st-Ave.-S..png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004248550\" data-attachment-id=\"1004248550\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/centerpoint-completes-seattle-portfolio-deal\/5960-5990-1st-ave-s\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/5960-5990-1st-Ave.-S..png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"5960-5990 1st Ave. S.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;5960-5990 1st Ave. S.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/5960-5990-1st-Ave.-S..png?w=800\" class=\"wp-image-1004248550 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/5960-5990-1st-Ave.-S..png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/5960-5990-1st-Ave.-S..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/5960-5990-1st-Ave.-S..png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/5960-5990-1st-Ave.-S..png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004248550\" class=\"wp-caption-text\">5960-5990 First Ave. S.<\/p><\/div>\n<p>CenterPoint Properties has acquired two industrial facilities located at the gateway of Seattle. The two properties span almost 12 acres and encompass 342,869 square feet. Jim Honan and Kevin Skillestad of Neil Walter Co. represented the buyer in the transaction. The seller is Michigan Properties, according to King County public records.<\/p>\n<p>The facilities are located at 5900 and 5960-5990 First Ave. S. and are 100 percent leased to seven tenants, including Ener-G Foods and Open Square. The site,\u00a0accessible via Route 509 and Interstate 5, is close to Port of Seattle and Seattle\u2019s central business district.<\/p>\n<p>\u201c<em>These buildings represent the last institutional quality assets of scale in the South Seattle market,<\/em>\u201d Ryan Dunlap, senior vice president of investments with CenterPoint, said in a prepared statement.<\/p>\n<p>The new owner, which has been significantly <a href=\"https:\/\/www.commercialsearch.com\/news\/centerpoint-buys-224-ksf-industrial-asset-in-nj\/\">expanding its industrial portfolio<\/a>\u00a0since the beginning of the year, plans to bring capital improvements to both assets, including a rebranding. Currently, the properties feature a parking lot for vehicles, as well as a truck court.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The two industrial properties are located at the gateway of the city and total approximately 342,000 square feet. They will undergo capital improvements and a rebranding. <\/p>\n","protected":false},"author":242,"featured_media":1004248550,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742,1610,15],"tags":[36217],"class_list":["post-1004248547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-seattle","category-west","tag-centerpoint-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CenterPoint Completes Seattle Portfolio Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/centerpoint-completes-seattle-portfolio-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CenterPoint Completes Seattle Portfolio Deal\" \/>\n<meta property=\"og:description\" content=\"The two industrial properties are located at the gateway of the city and total approximately 342,000 square feet. 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