Newmark Group Inc. recently facilitated the sale of a prominent industrial property located at 3102 S. Pine Street in Tacoma, Washington. The 194,857-square-foot facility was acquired by Goodwill of the Tacoma Goodwill Industries from CenterPoint Properties for an undisclosed sum. This strategic transaction, managed by Newmark's Andrew Briner, Jim Linn, Aaron Banks, and Luke Easton, alongside Thad Mallory and Taylor Hoff, highlights the competitive nature of the industrial real estate market despite rising vacancy rates. The property, part of the Seattle Infill Industrial Portfolio, boasts extensive loading capabilities and proximity to the Port of Tacoma, making it ideal for logistics and distribution. Goodwill's acquisition underscores its commitment to enhancing its operations in the region.
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