Bridge Point Tacoma 210 sells for $33.9M, a fresh industrial comp

JLL has arranged the $33.9 million sale of Bridge Point Tacoma 210, a distribution building at 10917 34th Ave. E in Tacoma, Washington. The property spans 205,413 square feet. The building was finished in 2024, placing it among the newest industrial deliveries in Pierce County; for Kurv Industrial, the seller, that makes the deal a quick trade. The price works out to roughly $165 per square foot.

The building is single-story and sits on 13.82 acres. Clear height is 36 feet. There are 50 dock-high doors. Two more are grade-level. Truck courts run 130 feet. The site also has 24 trailer stalls and nearly an acre of excess yard. Auto parking totals 130 spots. Interstate 5 is five miles away. The Port of Tacoma is nine miles from the site. JLL's James Ellis, who led the assignment with director Rachel Jones, said the location drew 'strong institutional interest.'

The sale gives the Pacific Northwest a useful comp for new distribution space, a market where newly delivered buildings rarely trade. On the same day, Pennsylvania's PSERS committed $100 million to EQT Exeter's industrial core-plus fund. The announcement does not identify the buyer of the property.