JLL Arranges $33.9M Sale of Kurv Industrial's Bridge Point Tacoma 210 Distribution Center

JLL Capital Markets has arranged the $33.9 million sale of Bridge Point Tacoma 210, a 205,413-square-foot Class A distribution facility in Tacoma, Washington, on behalf of seller Kurv Industrial. The transaction closed August 6, 2026, with the deed recorded in Pierce County on August 10, 2026.

The buyer, Ashley Real Estate LLC of Tampa, Florida, acquired the property from Bridge Point Tacoma 210 LLC, a Chicago-based entity affiliated with Kurv Industrial's ownership structure. The sale price implies approximately $165 per square foot on the newly delivered asset.

The JLL Capital Markets team was led by Managing Director James "Buzz" Ellis and Director Rachel Jones.

Property Specifications and Location

Bridge Point Tacoma 210 is located at 10917 34th Ave. E in Tacoma and sits on 13.82 acres within Pierce County. Completed in 2024, the single-story facility was designed to institutional-grade specifications for modern distribution operations.

The building features 36-foot clear heights, 50 dock-high doors, two grade-level doors and 130-foot truck courts. Additional specifications include 52-foot column spacing on a 229-foot building depth, 24 trailer stalls on nearly one acre of excess yard space and 130 auto parking spaces. A northeast corner office area totaling 3,315 square feet of built-out space is complemented by 2,989 square feet of mezzanine area.

The facility's flexible demising capabilities allow tenant configurations as small as 48,000 square feet or full-building single-tenant occupancy, broadening its potential leasing universe.

The property carries direct frontage along State Route 512, positioning it approximately five miles from Interstate 5, eight miles from State Route 167 and nine miles from the Port of Tacoma. The asset falls within Tacoma's Foreign Trade Zone 86, which ranks as the fourth-largest foreign trade zone on the West Coast by imports, offering prospective tenants opportunities to reduce supply chain operating costs.

Market Context and Submarket Positioning

Bridge Point Tacoma 210 sits at the intersection of three Pierce County industrial submarkets: Tacoma, Puyallup/Sumner and Frederickson. Pierce County has consistently ranked among the top two submarket clusters for leasing activity in the Puget Sound region and has held the region's highest share of leasing volume since 2020.

The transaction comes as Pierce County industrial vacancy has moved into the low teens and lease-up of newly delivered stock has slowed, conditions that frame the deal as a forward-looking business plan rather than a trade on stabilized in-place income. No cap rate was disclosed, consistent with the asset's status as a newly delivered, available-for-lease facility at the time of sale.

The property is also positioned to benefit from the SR-167 extension project, which is expected to deliver six new miles of highway by 2030, further connecting SR-167 and I-5 and improving access to the Port of Tacoma.

"Bridge Point Tacoma 210 attracted strong institutional interest due to its new construction quality and strategic location at the confluence of Tacoma's premier submarkets," Ellis said. "This transaction represents an immediate value-creation opportunity in a market where Pierce County consistently holds the region's highest share of leasing volume since 2020."

About the Principals

Kurv Industrial is a private, vertically integrated industrial real estate investment and operating firm. The company develops, acquires and operates institutional-quality assets in high-barrier, supply-constrained markets, including Chicago, Dallas, Miami, Los Angeles, New Jersey and Seattle. Since its inception in 2000, Kurv reports having developed and acquired more than 76 million square feet of Class A industrial facilities.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. JLL reported annual revenue of $26.1 billion and operations in over 80 countries as of June 30, 2026.

Transaction Details

The sale was recorded in Pierce County under excise tax ID 4696594, with tax parcel number 0319024092. JLL represented Kurv Industrial as seller in the transaction. The buyer, Ashley Real Estate LLC, is based in Tampa, Florida.

At $33.9 million, or roughly $165 per square foot, Bridge Point Tacoma 210 represents a notable industrial investment sale in Pierce County for newly delivered mid-size Class A logistics product, reflecting continued institutional demand for port-proximate distribution facilities in the Puget Sound region.