CBRE Arranges Sale of Seattle Gateway I & II to LaSalle

CBRE has arranged the sale of Seattle Gateway I & II, two fully leased, Class A logistics facilities totaling 458,707 square feet in Seattle’s SeaTac market.

CBRE National Partners’ Brett Hartzell and Chris Reeves represented the seller in the sale.

Located at 14237 Des Moines Way South and 1021 S. 146th Street in Burien, Washington, Seattle Gateway I & II sit directly north of SeaTac International Airport and offer immediate access to State Route 518 and State Route 509. Constructed in 2018 by Panattoni, the facilities feature excellent ingress and egress, flexible suite configurations for tenants ranging from 50,000 to 250,000 square feet, 30- to 36-foot clear heights, ESFR sprinklers, LED lighting, 1,200 to 2,000 amps of power, 86 dock-high doors, and 130- to 233-foot truck courts. The portfolio is fully leased to four tenants.

Hartzell said, “This sale represents the continued strong interest in our market by institutional investors who see the market firming up in the near term, and confidence in the long-term strength of the Puget Sound industrial market.”

SeaTac is among the most supply-constrained industrial districts in the Puget Sound region, with less than 500,000 square feet of new deliveries over the past five years and no space currently under construction, according to CBRE Research. The location offers direct access to major population centers and SeaTac International Airport, supporting ongoing rent growth and sustained tenant demand.