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November 28, 2014

Denver group buys Auburn building

An entity related to Denver-based Industrial Property Trust bought an 80,000-square-foot manufacturing building at 101 Western St. in Auburn for $7.85 million. The seller is Victor Enterprises, an LLC based in Tukwila that is managed by Diana Dipietro. The price breaks down to about $98 per square foot. LMI Aerospace is a long-term tenant. Taylor Hoff, Jeff Forsberg and Arie Salomon of NAI Puget Sound Properties represented the seller. NAI Puget Sound Properties specializes in leasing and sales of office, industrial and retail properties, with offices in Bellevue, Seattle and Tacoma.




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