WOODINVILLE, WA—KBS Realty Advisors of Newport Beach, CA, has acquired The Park at Woodinville, a class A, five building, warehouse and light-manufacturing infill project in the Seattle-adjacent Eastside industrial market. The acquisition was made on behalf of a sovereign wealth fund that is advised by KBS Realty Advisors.
Colony Realty Partners sold the 239,607 square-foot property with more than 90% of available space leased. The Park at Woodinville is conveniently located one mile north of downtown Woodinville with exceptional access to three of the largest Washington cities—Bellevue, Seattle, and Everett.
“The Park at Woodinville is very well located to take advantage of the strong industrial market throughout the Puget Sound area, and as one of the largest industrial parks in Woodinville, The Park can accommodate a diverse array of tenants with varying size requirements,” said KBS Western regional president, Rodney Richerson.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
