Newmark Facilitates Sale of Tacoma Industrial Facility
Newmark has successfully arranged the sale of a 194,857-square-foot industrial property located at 3102 S. Pine Street in Tacoma, Washington. While the sale price remains undisclosed, the transaction highlights the strong investor appetite for high-quality logistics assets in prime locations.
The Newmark team representing the seller, CenterPoint Properties, included Executive Managing Directors Andrew Briner and Jim Linn, Associate Director Aaron Banks, and Senior Analyst Luke Easton. They collaborated with Vice Chairmen Thad Mallory and Taylor Hoff on the deal. The buyer was Goodwill of the Tacoma Goodwill Industries.
“The sale of 3102 S. Pine Street drew double-digit offers from top-tier institutional investors, reflecting the high demand for premium industrial assets with superior trailer parking, extensive loading capabilities, and proximity to the Port of Tacoma,” said Jim Linn. “Goodwill’s determination to secure ownership underscores its long-term commitment to strengthening its operational presence in the region.”
Situated on 10.6 acres in Tacoma’s Fife submarket, the facility is a mission-critical distribution hub featuring 24-foot clear heights, 36 dock-high doors, and three grade-level loading positions—making it an ideal asset for regional logistics and distribution operations.
