Realterm expands Seattle-Tacoma logistics portfolio with Kent terminal acquisition

Realterm, an independent global investment manager focused on the transportation industry, announced today the acquisition of 7226 S. 262nd Street, a truck terminal located in one of Seattle’s top industrial submarkets, Kent, Washington.

The 5.1-acre industrial property features a 44-door door building with a 11,031-square-foot truck terminal and a 7,200-square-foot office, along with a standalone 2,400-square-foot maintenance shop. The facility also offers ample on-site parking for truck trailers.

“This marks our 13th property in the Seattle-Tacoma market, demonstrating our continued commitment to one of the West Coast’s premium logistics corridors,” said Isaac Lau, Vice President, Investments, West Region, Realterm. “The terminal's 44-door capacity, integrated office space, and on-site maintenance facilities create an ideal operational platform for logistics tenants.”

The site offers unparalleled proximity to the SR-167 and I-5 allowing for easy access to the entire Kent Valley, Tacoma and Seattle areas. Major transportation hubs including the Seattle-Tacoma Airport, the Port of Seattle and the Port of Tacoma are all within a 25-minute drive.

“This acquisition reinforces our core investment focus of securing and operating transportation-advantaged assets in top-tier logistics markets,” said Stephen Panos, Managing Director, Senior Fund Manager, Realterm. “Adding this terminal strengthens our portfolio concentration in markets that are optimally positioned to serve the broad geographic region from Vancouver, BC to Northern California creating lasting value for occupiers.”