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Lowe Sells Industrial Park for $22M

KENT, WA-Lowe Enterprises of Los Angeles sells the four-building fully leased Springbrook 188 development here to Irvine, CA-based LBA Realty.

By Brian K. Miller | Updated on October 11, 2005

(To read more on the industrial market, click here.)

KENT, WA-Lowe Enterprises of Los Angeles has sold Springbrook 188, a four-building 365,040-sf industrial park here, to LBA Realty of Irvine, CA. The sale price was $22 million, or $60.26 per sf.

The park is located at South 188th Street and 80th Avenue. The buildings are designed to serve a variety of users. The main warehouse is 260,842 sf with 22-foot dock-high doors. The annex warehouse is 36,070 sf with rail access. The freezer/cooler building is 47,040 sf. The truck maintenance building is 3,752 sf.

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