Mar
14
Bixby Continues Western Industrial Expansion in Seattle
ByThe 55,660-square-foot asset dating back to 2004 is located south of downtown Seattle, with Cummins Inc. as its sole tenant.
In an $18.8 million deal, Bixby Land Co. has purchased a 55,660-square-foot industrial facility in Sumner, Wash., from Panattoni Development. The transaction marks the duo’s fourth industrial transaction in the Seattle area since 2016.
The property is located at 1800 Fryar Ave., within a 40-minute drive south of downtown Seattle, in the Kent Valley submarket. The site is situated adjacent to Route 167 and in close proximity to routes 410 and 512. Constructed in 2004, the building is currently leased to Cummins Inc., a Fortune 500 company which designs, manufactures and distributes engines and power generation…