Pierce County mega warehouse on former Boeing land sells for $176 million
Tuesday, July 22nd 2025
With tenants like GE and Kowa, Fred310’s Building D hits headlines for a reported $176M sale, led by BGO, highlighting industrial investment growth. By Brian Hayes| Debbie Cockrell
Just one building at the FRED310 industrial site has reportedly sold for nearly as much as what the then-undeveloped land traded for from Boeing to a developer.
In a transaction earlier this month, Building D, an industrial space encompassing 753,069 square feet, sold to international real estate investment firm BentallGreenOak (BGO), whose U.S. headquarters is in New York.
The property is at 6921 192nd St. E.
A BGO representative confirmed the purchase Monday evening in response to questions from The News Tribune, but offered no further details including price.
Sales information has not yet been posted online in the county’s property portal. Representatives from Cushman & Wakefield arranged the transaction and initially announced the sale in a release July 3, but without details on price or buyer.