Cushman & Wakefield has advised the sale and acquisition financing for Auburn Park 44, a 204,458-square-foot multi-tenant industrial and distribution building on over nine acres in Auburn, Washington.
Located at 814 44th Street, the freestanding facility offers a ground-zero industrial location near Seattle. The property sold for an undisclosed price to Kennedy Wilson, an international real estate investment and services firm. The seller was a global investment advisor.
Cushman & Wakefield’s Jeff Chiate, Matthew Leupold, Bryce Aberg, Rick Ellison and Aubrie Monahan of the firm’s National Industrial Group –West represented the seller in the transaction. Cushman & Wakefield’s Patrick Mullin along with CBRE’s Andrew Hitchcock also provided local leasing advisory.
Additionally, a Cushman & Wakefield Equity, Debt & Structured Finance team, including Keith Padien and Max Schafer, arranged the acquisition loan on behalf of Kennedy Wilson. “We received a very positive response from lenders wanting to provide the needed capital to acquire this highly attractive industrial investment asset in southern Seattle,” said Padien.
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