Annapolis, Md. (April 10, 2025) – Realterm, an independent global investment manager focused on the transportation industry, today announced the acquisition of a prime three-property industrial outdoor storage (IOS) portfolio located in the highly desired infill Seattle submarket of Kent, WA.
The three adjacent properties, 7915 South 261st Street and 26220 & 26330 79th Avenue South encompass 38,900 square feet on 9.3 contiguous acres with secured parking, storage and maintenance facilities.
The properties are fully leased to two long-term tenants that have operated out of the properties for over a decade: Powerscreen of WA (7915 South 216th Street), a prominent distributor and servicer of high-quality materials processing and handling equipment and Clean Harbors (26220 & 26330 79th Avenue South), a leading provider of environmental and industrial services.
“This strategic acquisition in Kent Valley aligns perfectly with our investment thesis targeting high-barrier-to-entry markets and properties with transportation-centric fundamentals,” said Stephen Panos, Managing Director, Senior Fund Manager at Realterm. “The portfolio’s functionality for heavy flow-through users, combined with its central location positions us well to meet the continued demand for mission-critical industrial space in the Seattle market.”
Located in the strongest Seattle sub-market of Kent Valley, the portfolio boasts a central location for logistics activity, enabling users to service the entire region. Proximal transportation includes access to SR-167 and major highway I-5, allowing a user easy access to the Port of Tacoma, Port of Seattle and Downtown Seattle. “What makes this acquisition particularly attractive is the portfolio’s exceptional location within the Kent Valley, offering tenants convenient access to major highways and both the Ports of Seattle and Tacoma,” said Isaac Lau, Vice President of Investments at Realterm. “The properties, which feature drive-through bays and efficient outdoor storage layouts, makes them highly sought-after in a market where similar facilities are extremely limited.”
Realterm’s continued expansion into the Seattle market follows its acquisition of two Seattle facilities in late 2024 as part of a 13-property truck terminal portfolio purchased from Brookfield Properties.
