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Real Estate

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August 21, 2019

Dermody sells new Woodinville warehouses for $68M

Real Estate Editor

Rendering provided by Dermody Proper [enlarge]
The two-building complex totals 409,500 square feet and is 82% leased. The buyer is an LLC associated with Colony Capital of Dallas.

The new LogistiCenter at Woodinville, at 7720 W. Bostian Road and related addresses, has sold for a little over $68.3 million, according to Snohomish County records. The seller was DPIF WA 5 Woodinville LLC, associated with Dermody Properties of Reno, which acquired the property in 2017 for about $13.2 million.

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