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July 31, 2019  

Builder Dealing Distribution Center

Investors are getting a crack at a new warehouse complex in the Pacific Northwest that’s fully leased to a major grocery distributor.The Class-A property encompasses 1.15 million square feet in Centralia, Wash., which is halfway between Seattle and Portland, Ore. Close to half of the distribution center — 529,000 sf — is freezer/cooler space. Bids are expected to hit $200 million, or $174/sf. Newmark has the listing.The seller,...

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