A Fortune 500 company has renewed its lease and expanded its presence at 9516 39th Avenue SW in Lakewood, Washington.
Kidder Mathews Executive Vice President Matt McLennan, SIOR, CCIM, represented the landlord in the transaction. The five-year lease renewal expands the tenant’s footprint to 23,482 square feet of building area on three acres.
The total property size is 29,182 square feet of industrial and office space and includes a fully improved yard ideal for industrial outdoor storage. Its flexible mix of warehouse, office, and paved yard areas provides exceptional functionality.
“The renewal represents a strong outcome for local ownership, achieving competitive market economics while maintaining a long-term relationship with a creditworthy tenant,” said McLennan. “This transaction reflects the strength of the industrial market and the value of experienced representation in securing a successful outcome for all parties.”
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