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July 14, 2017

TPG sells 3 properties for $42.8M

Seattle Daily Journal of Commerce

Brian Miller

The Evergreen Industrial Properties national portfolio sale was announced Thursday in a joint press release from TPG and Ivanhoe Cambridge, but terms were not included. The Evergreen portfolio has 150 properties with almost 16 million square feet in a number of markets including Denver, Atlanta, Chicago and Dallas.

Evergreen says it has six properties in the Seattle area, with about 400,000 square feet. Queries to Evergreen and TPG to locate the other three weren't returned before deadline.

In its second quarter report, Kidder Mathews puts the South King County vacancy rate at 2.8 percent.








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