Industrial Property Trust Buys Former Tacoma Sawmill for New Development

TACOMA, WASH. — Industrial Property Trust (IPT) has purchased a 58-acre former sawmill in Tacoma for an undisclosed sum. The space is located at 733 E. 11th St.

IPT plans to build a 1.1 million-square-foot industrial facility on the property. The IPT Tacoma Logistics Center will include two buildings. The project is scheduled for completion in the first quarter of 2018.

Tony Kusak of Cushman & Wakefield Commerce executed the transaction. The seller was Interfor.

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