KENT VALLEY DC II6111 S 228th Street, Kent, WA
Disposition, Acquisition & Landlord Rep
Transaction Size: 228,356 SF Sale & Lease
Sale Price: $17,750,000
This building had a single tenant with one year left on their lease when NAI Puget Sound Properties represented 6111 Kent, LLC (Progressive International), the seller, and Income Industrial Trust (IIT), the buyer, in this off-market investment sale. After negotiating to renew the tenant, they made the decision to relocate in the final hour.
With just two months downtime, NAI Puget Sound Properties negotiated a lease with Clarisonic for five years with a national credit tenant for the entire building.