Representing the owner, Red Dot Corporation, Corr and Kidder put the 98,770s-sf building at 19021 80th Ave. S. under contract in April to Vectra Fitness Inc., a Redmond-based manufacturer of exercise equipment. "It was the classic story of an Eastside company seeing the benefit of buying in Kent when Eastside availability was tight and rents were high," says Corr.

According to most research reports, overall Eastside vacancies last spring were running about 4.2%--but had jumped to 7.7% by the end of September. While Corr was unable to immediately provide current numbers on Eastside rents, he did say increased space availability may be impacting ratesâ€"but not so much for sales prices if an owner is patient.

"It's a matter of supply and demand. There aren't a lot of [industrial] buildings for sale in the Kent Valley market in this size range," says Corr. If someone is looking to lease 100,000-sf, he says the options are plentiful. But, would-be buyers will find smaller properties in short supply in an area where most buildings are large and have been acquired by institutional owners.