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December 3, 2021
FREDERICKSON, Pierce County — The new Canyon Road Logistics building, at 5210 196th St. E. in Frederickson, sold for just over $48.9 million, according to Pierce County records.
The seller was Exeter Frederickson Land LLC, associated with Exeter Property Group of Pennsylvania, which acquired the nearly 19-acre former Miles Sand & Gravel property in early 2020 for about $6.6 million, then developed it with the 300,942-square-foot building.
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