Segale Acquires 120 Acres Adjacent Kent Space Center

KENT, WA-The Boeing Co.’s real estate division has sold 119.84 acres adjacent Boeing’s Kent Space Center for $32.8 million.

The land is in Boeing’s Pacific Gateway Business Park, which extends from South 196th Street to the north and South 212th Street between the West Valley Highway and the Green River. Boeing describes the property as one of the largest fully entitled and master-planned tracts of commercial land in the Puget Sound region.

The buyer is Segale Business Park. Local brokers tell GlobeSt.com that Mario Segale owns several hundred acres on either side of the river and is master planning a mixed-use development for the property. John Gilliland and Bill Palmer with CB Richard Ellis represented Boeing Realty in the transaction and Ed Hogan, also with CB Richard Ellis, represented Segale Business Park.