Debbie Cockrell: Business park in Lakewood sells for more than $18 million; site improvements planned
News Tribune, Tacoma, Wash. 1/7/2021 Debbie Cockrell, The News Tribune (Tacoma, Wash.)
Jan. 7—A California real estate investment and management company this week announced its purchase and future plans for an existing business park in Lakewood.
MCA Realty of Orange County, California, has purchased Lakewood Business Park, a 136,350-square-foot, multi-tenant industrial park located along I-5 at 10107 South Tacoma Way.
The sale price was $18.2 million, and it is the company's first property acquisition in the state.
The deal closed in December. The site was purchased from ICBP IV Holdings 7 LLC, which purchased the property in 2017 for about $13 million, according to records on file with Pierce County.