Amazon Completes $219.5M Industrial Real Estate Acquisition of 1.1M-SF Warehouse Complex in Frederickson, WA

Amazon has completed a $219.5 million industrial real estate acquisition of a large industrial portfolio in the Frederickson area of Washington state, according to the Puget Sound Business Journal. The transaction includes a warehouse complex exceeding 1.1 million square feet, along with approximately 20 acres of adjacent undeveloped land.

Deal Details: A Large Industrial Portfolio Changes Hands

The real estate acquisition was announced April 28, 2026, with Amazon serving as the buyer of the large industrial portfolio. The seller, identified as Ashley, was represented by Ty Clarke and Todd Clarke of Kidder Mathews, alongside Aaron Hodgdon of Hodgdon Group. Amazon was represented by Seattle-based KBC Advisors.

At $219.5 million for approximately 1.1 million square feet of developed industrial space, the transaction equates to roughly $199.55 per square foot based on the reported figures. No cap rate, occupancy rate, or financing details were disclosed in connection with the transaction.

Frederickson: An Industrial Submarket in the Pacific Northwest

Frederickson is located in the Puget Sound region of Washington state. The inclusion of approximately 20 acres of undeveloped land adjacent to the warehouse complex provides the buyer with potential for future expansion or additional development, though no timeline or development plans for the land component were disclosed as part of the transaction announcement.

Kidder Mathews and Hodgdon Group Lead Seller Representation

The transaction highlights the continued role of regional brokerage firms in facilitating large-scale industrial real estate deals in the Pacific Northwest. Kidder Mathews provided investment sales representation for the seller alongside Hodgdon Group's Aaron Hodgdon. The buyer, Amazon, was advised by KBC Advisors, a Seattle-based real estate advisory firm.

Transaction Background

The deal was first reported by the Puget Sound Business Journal and subsequently covered by Connect CRE. No additional financial details, including debt financing or investment strategy, were disclosed as part of the transaction announcement.