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May 8, 2025

Kidder Mathews finds yard tenant

Three years ago, CenterPoint Properties paid a whopping $76 million for yard space in South Park. That's right, for 19 acres of bare asphalt, the deal was worth about $92 per square foot. Kidder Mathews represents the yard, right in between Highway 509 and state Route 99, and it announced that over 4.6 acres has been leased to an undisclosed client. Kidder's Chris Corr and Matt Murray represent CenterPoint. Murray said in a statement, “What makes this property unique is not only its size, but its excellent condition.” At the time of leasing, this was the largest paved, lit, and fenced contiguous yard available in King County. The yard was once the South Park Landfill, but there was environmental remediation under past local owner SeaCon, before it sold to CenterPoint. Corr and Murray also brokered that large sale.




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