Interest in Puget Sound industrial space has been a constant in the region over the last couple of years, and investors from across the globe have looked at establishing and expanding their presence in the market. New York-based Fortress Investment Group is one of those investors, and the company just expanded its industrial footprint with an acquisition in Sumner, Wash. The company paid $25 million (roughly $147 per square foot) to acquire a 170,000 square-foot property located at 1901-2005 Fryar Avenue, according to public documents. The seller was Enumclaw-based The Wattles Company.
For the full story, go to The Registry Pacific Northwest.
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