The Registry
Apr 4, 2023
FEDERAL WAY, WA | April 4, 2023 – Two recent sales transactions in the Puget Sound’s industrial market shows that the area is still attractive to investors. In separate deals, three buildings in Federal Way traded hands for a total of $29.5 million, or approximately $587 per square foot, according to King County public records. The seller in both deals was an entity affiliated with Newport Beach-based BKM Capital Partners, and the buyer in both deals were entities affiliated with Los Angeles Iron & Steel Co., based in Yorba Linda.
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