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Real Estate
 Marc Stiles Real Estate Editor |
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February 3, 2011
Real Estate Buzz: Trader Joe's may be expanding here
By MARC STILES
Real Estate Editor
Real Estate Editor
The long-suffering industrial market is the source of much buzz this week thanks to the AMB Property/ProLogis merger. We'll get to that after examining the chatter about a more tangible transaction: Will Trader Joe's acquire the 492,000-square-foot Summit building at Sumner Corporate Park or do a build-to-suit?
TJ's purchase of the Summit would signal a major expansion for the California grocer in the Northwest, where it now has 26 stores with one more opening in Spokane and another coming to Salem, Ore. TJ's pursuit of a build-to-suit would mean happy days for builders in a market that has seen almost no new warehouse construction in the last year.
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Previous columns:
- Real Estate Buzz: 835 grad students plan Mount Baker's future, 01-27-2011
- Real Estate Buzz: Will Stone Way Village bag Trader Joe's?, 01-20-2011
- Real Estate Buzz: Office rebound: Sooner than you think?, 01-13-2011
- Real Estate Buzz: Time for a drive-thru grocery chain?, 01-06-2011
- Real Estate Buzz: Island could have been yours for $6.4M, 12-23-2010
- Real Estate Buzz: Blume ‘optimistic' about 1100 Eastlake, 12-16-2010
- Real Estate Buzz: Stalled sites may get gardens and sails, 12-09-2010
- Real Estate Buzz: Talk of a high rise gets people chattering, 12-02-2010