A newly completed industrial warehouse in the Frederickson area has been sold for nearly $175 million, marking one of the Puget Sound region’s largest industrial-real-estate transactions of the year, Hoodline recently reported.
The 782,875-square-foot distribution facility, located at 6920 192nd St. E in Puyallup, was purchased by Bridge Logistics Properties and is leased to national tool retailer Harbor Freight, the article stated.
The building is part of the larger FRED310 industrial campus, a master-planned development on former Boeing property. It was developed by Panattoni in partnership with a fund advised by Crow Holdings. Construction on the warehouse was completed in 2024 as part of the campus’s phased expansion…