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AMB Property Corp. Snaps up $46M Portfolio

RENTON, WA-Pacific Northwest Group A sells Renton industrial portfolio, which includes the Northwest Corporate Park and the Earlington Building for $46M. The portfolio totals 1.18 million sf of warehouse, distribution and manufacturing space.

By Gina Binole | Updated on June 07, 2002

RENTON, WA-In one of the largest South Sound transactions in the last 12 months, AMB Property Corp. has purchased the Renton industrial portfolio from Pacific Northwest Group A.

The portfolio, which includes Northwest Corporate Park and the Earlington Building, totals about 1.18 million sf of warehouse, distribution and manufacturing space. It is 99% leased to a variety of regional, national and international companies. Tenants such as IKEA, Boeing and A.O Smith have leased 80% of the space.

Lend Lease Real Estate Investments represented Pacific Northwest Group A, which has held the property since the purchase of the Benaroya portfolio in 1984.

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