{"id":1004545063,"date":"2021-07-26T04:16:23","date_gmt":"2021-07-26T12:16:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004545063"},"modified":"2022-12-08T16:51:26","modified_gmt":"2022-12-09T00:51:26","slug":"dalfen-industrial-pays-115m-for-tacoma-area-logistics-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dalfen-industrial-pays-115m-for-tacoma-area-logistics-park\/","title":{"rendered":"Dalfen Industrial Pays $115M for Tacoma-Area Logistics Park"},"content":{"rendered":"
\"Tacoma<\/a>

Tacoma Supply Chain Center. Image courtesy of Dalfen Industrial<\/p><\/div>\n

Dalfen Industrial, of Dallas, has acquired a brand new three-building, 711,855-square-foot Class A industrial park in Frederickson, Wash., a suburb of Tacoma. The acquisition price in the off-market transaction was about $115 million, according to Colliers, which represented Dalfen in the deal.<\/p>\n

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READ ALSO<\/strong>: Dream Industrial to Sell US Portfolio for $167M<\/a><\/p>\n

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The sellers were Panattoni Development Co. and Crow Holdings, according to a local media report.<\/p>\n

The Tacoma Supply Chain Center is off of 176th Street and close to the major trucking routes of I-5 and SR-512, as well as the Port of Tacoma.<\/p>\n

The project, known informally as Big Freddie, was completed in June and features a mix of dock-height and grade-level loading and can accommodate parking for more than 300 trailers.<\/p>\n

Colliers\u2019 industrial team of Bill Condon and Matt McGregor represented Dalfen.<\/p>\n

Dalfen Industrial noted in a prepared statement that \u201cTenants are migrating south of Seattle\u2019s Kent Valley submarkets in search of better value, newer\/more functional product, and a stronger labor market.\u201d<\/p>\n

Dalfen President & Chief Investment Officer Sean Dalfen added that the park\u2019s location provides outstanding last-mile fundamentals.<\/p>\n

Humming along<\/h2>\n

The Pierce County industrial space market leads the Seattle-Tacoma region in projects under construction and is seeing declining vacancy (to 7.6 percent), as 981,696 square feet of net absorption surpassed completions of 639,761 square feet, according to a second-quarter report from Kidder Mathews.<\/p>\n

One of the submarket\u2019s largest projects now underway is in Frederickson, an 862,1667-square-foot building by Logistics Property Co.<\/p>\n

In February, Dalfen sold the 14-building Capital Center Industrial Park<\/a> in metro Cincinnati for $51.3 million. The purchaser of the 896-523-square-foot asset was TradeLane Properties.<\/p>\n

And last November, Dalfen was honored by Commercial Property Executive<\/em> with the Gold award for Best Investment Transaction: Single Property for the purchase of the I-4 Logistics Center<\/a>, in Seffner, Fla., in metro Tampa, Fla.<\/p>\n","protected":false},"excerpt":{"rendered":"

In an off-market deal, the company purchased a newly completed property.<\/p>\n","protected":false},"author":882,"featured_media":1004545069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,21783,21742,1610,15],"tags":[35498,37358,48641,33612,33837],"class_list":["post-1004545063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-investment","category-latest","category-seattle","category-west","tag-colliers","tag-crow-holdings","tag-dalfen-industrial","tag-kidder-mathews","tag-panattoni-development-company"],"acf":[],"yoast_head":"\nDalfen Industrial Pays $115M for Tacoma-Area Logistics Park - 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\/dalfen-industrial-pays-115m-for-tacoma-area-logistics-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dalfen Industrial Pays $115M for Tacoma-Area Logistics Park\" \/>\n<meta property=\"og:description\" content=\"In an off-market deal, the company purchased a newly completed property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dalfen-industrial-pays-115m-for-tacoma-area-logistics-park\/\" \/>\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=\"2021-07-26T12:16:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:51:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Tacoma-Supply-Chain-Center.-Image-courtesy-of-Dalfen.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"547\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\/dalfen-industrial-pays-115m-for-tacoma-area-logistics-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/dalfen-industrial-pays-115m-for-tacoma-area-logistics-park\/\",\"name\":\"Dalfen Industrial Pays $115M for Tacoma-Area Logistics Park - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dalfen-industrial-pays-115m-for-tacoma-area-logistics-park\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dalfen-industrial-pays-115m-for-tacoma-area-logistics-park\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Tacoma-Supply-Chain-Center.-Image-courtesy-of-Dalfen.jpg\",\"datePublished\":\"2021-07-26T12:16:23+00:00\",\"dateModified\":\"2022-12-09T00:51:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dalfen-industrial-pays-115m-for-tacoma-area-logistics-park\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/dalfen-industrial-pays-115m-for-tacoma-area-logistics-park\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dalfen-industrial-pays-115m-for-tacoma-area-logistics-park\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Tacoma-Supply-Chain-Center.-Image-courtesy-of-Dalfen.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Tacoma-Supply-Chain-Center.-Image-courtesy-of-Dalfen.jpg\",\"width\":820,\"height\":547,\"caption\":\"Tacoma Supply Chain Center. 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