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Opus NW Sells 500,000-SF Warehouse Development

FIFE, WA-ING Clarion purchases the building during the construction phase for $32.6 million and retains the developer to complete it before June.

By Brian K. Miller | Updated on January 04, 2007

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

FIFE, WA-Investment adviser ING Clarion Partners of New York has acquired a 501,250-sf warehouse here during its construction phase for $32.6 million and has retained the developer, Opus Northwest, to complete the project. Known as Pacific Coast Corporate Park Phase II, the warehouse is five months from completion.

The building will have 30-foot clear heights, cross-dock loading and ample trailer parking, and can be divided into 65,000-sf chunks. Todd Clarke and Doug Klein of GVA Kidder Mathews have the leasing assignment. The asking rent is in the mid-$0.30s per sf per month.

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