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Ares Management Pays $55MM for Fully Leased 248,000 SQFT Tacoma Central Logistics
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Ares Management Pays $55MM for Fully Leased 248,000 SQFT Tacoma Central Logistics
A newspaper’s old printing plant has completed its transformation into a modern logistics hub, trading hands for more than three-and-a-half times what the developer paid for the raw site five years ago. An entity affiliated with Ares Management has acquired Tacoma Central Logistics, a 248,033-square-foot industrial distribution building at 1950 S. State St. and an adjacent parcel at 2331 S. 24th St. in Tacoma, for $55 million, according to Pierc…
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