Todd Clarke of the Tacoma office of Kidder, Mathews & Segner Inc. represented the national trucking line in the transaction. He tells GlobeSt that Reddaway, which already operates several terminals in the state, plans to develop a 56-door cross-dock terminal here. While the raw land does not yet have an official street address, Clarke says it is located at roughly at 920 Eleventh St. in the Tacoma Tide Flats area.

Simpson Timber, a subsidiary of Seattle-based Simpson Investment Company, owns about 150 acres here, including a timber mill. This was the only parcel in the industrial waterfront that Simpson had not yet developed and had "deemed it as surplus," says Clark.

The Simpson family of companies has operated in Washington for over 110 years. According to marketing materials, Simpson Timber owns in the range of 285,000 ac in Washington, nearly 125,000 ac in Oregon and over 450,000 acres in California. Bruce Valentine of Neil Walter Company and Jim Kemmerer of Burr & Temkin South Inc. represented Simpson Timber in the sale.