{"id":1004479411,"date":"2020-09-23T01:13:00","date_gmt":"2020-09-23T09:13:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004479411"},"modified":"2020-09-23T01:13:00","modified_gmt":"2020-09-23T09:13:00","slug":"blackstone-acquires-suburban-seattle-warehouse","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/","title":{"rendered":"Blackstone Acquires Suburban Seattle Warehouse"},"content":{"rendered":"
\"\"<\/a>

9860 40th Ave. S. Image via Google Maps<\/i><\/p><\/div>\n

Blackstone Group has finalized the $11.4 million acquisition of a 48,000-square-foot warehouse and distribution center in Seattle. A private investor sold the property, according to King County records. The asset last changed hands in 2005 for $3.5 million in a 1031 exchange.<\/p>\n

Located on 2 acres at 9860 40th Ave. S., the building was completed in 1967. For the past 15 years, the property has served as a manufacturing facility and distribution center for Noble Wines, which was acquired by The Winebow Group in 2015. The single-story facility has a 7,505-square-foot office component along with one grade-level and nine extra-large dock-high loading doors.<\/p>\n

The property is a short distance from Interstate 5 and 3 miles from King County International Airport. Other companies with facilities in the immediate vicinity include Steeler, Harrington Industrial Plastics and Pacific Grip & Lighting. Downtown Seattle is 9 miles northwest of the site.<\/p>\n

In August, Blackstone completed the disposition of a fully leased, eight property-portfolio<\/a> totaling 1.2 million square feet in Greenville, S.C. Sealy & Co. purchased the assets, marking its first acquisition in the state and the second largest in the company\u2019s history.<\/p>\n","protected":false},"excerpt":{"rendered":"

The building previously traded for $3.5 million in 2005 as part of a 1031 exchange.<\/p>\n","protected":false},"author":867,"featured_media":1004479417,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1610,15],"tags":[33536,33129],"class_list":["post-1004479411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-seattle","category-west","tag-1031-exchange","tag-the-blackstone-group"],"acf":[],"yoast_head":"\nBlackstone Acquires Suburban Seattle Warehouse - 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\/blackstone-acquires-suburban-seattle-warehouse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Acquires Suburban Seattle Warehouse\" \/>\n<meta property=\"og:description\" content=\"The building previously traded for $3.5 million in 2005 as part of a 1031 exchange.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-23T09:13:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/9860-40th-Ave.-S..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/\",\"name\":\"Blackstone Acquires Suburban Seattle Warehouse - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/9860-40th-Ave.-S..jpg\",\"datePublished\":\"2020-09-23T09:13:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/9860-40th-Ave.-S..jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/9860-40th-Ave.-S..jpg\",\"width\":800,\"height\":620,\"caption\":\"9860 40th Ave. S. Image via Google Maps\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blackstone Acquires Suburban Seattle Warehouse\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\",\"name\":\"Pavel Cazacu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g\",\"caption\":\"Pavel Cazacu\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/pavelc\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Blackstone Acquires Suburban Seattle Warehouse - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/","og_locale":"en_US","og_type":"article","og_title":"Blackstone Acquires Suburban Seattle Warehouse","og_description":"The building previously traded for $3.5 million in 2005 as part of a 1031 exchange.","og_url":"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-09-23T09:13:00+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/9860-40th-Ave.-S..jpg","type":"image\/jpeg"}],"author":"Pavel Cazacu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/","url":"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/","name":"Blackstone Acquires Suburban Seattle Warehouse - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/9860-40th-Ave.-S..jpg","datePublished":"2020-09-23T09:13:00+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/9860-40th-Ave.-S..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/9860-40th-Ave.-S..jpg","width":800,"height":620,"caption":"9860 40th Ave. S. Image via Google Maps"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/blackstone-acquires-suburban-seattle-warehouse\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Blackstone Acquires Suburban Seattle Warehouse"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8","name":"Pavel Cazacu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g","caption":"Pavel Cazacu"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/pavelc\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/9860-40th-Ave.-S..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004479411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/867"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004479411"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004479411\/revisions"}],"predecessor-version":[{"id":1004479642,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004479411\/revisions\/1004479642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004479417"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004479411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004479411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004479411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}