SEATTLE-ING Clarion Partners has selected Grubb & Ellis Co. as the leasing agents of Sumner Central, a 427,253-square-foot industrial building in Sumner. Located at 2701 142nd Ave. East, the warehouse/distribution building was built in 2006 and is equipped with 119 dock high and six grade level loading doors.
Easily accessible, Sumner Central is located within one mile of Highway 167. With multiple space configurations available, prospective tenants can lease space ranging in size from 90,968 to 427,253 square feet.
“We are excited for the opportunity to represent ING Clarion Partners, one of the largest institutional players in the Seattle area marketplace,” says Bill Condon, executive vice president and managing director.
This is the third major industrial leasing assignment for the office, which was recently selected by DCT Industrial to market a seven-building, 1.1-million-square-foot portfolio and by AMB Property to market a four-building, 1.3-million-square-foot class A portfolio.
GlobeSt.com could not obtain further information by deadline. According to published figures, comparable rental rates in the area are $0.34 per square foot per month.
Other members on the G&E leasing team are Matt McGregor, senior vice president of the industrial group, and Andrew Hitchcock, vice president of the industrial group.
ING Clarion Partners acquired the industrial building in a $22.3 million off-market sale made on behalf of an open-end fund.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
