Sagard Real Estate Expands U.S. Industrial Portfolio with Core-Plus Acquisition in Auburn, Washington

SEATTLE--(BUSINESS WIRE)--Sagard Real Estate, a leading real estate investment advisor, today announced the acquisition of an industrial distribution facility in Auburn, Washington, further expanding the firm’s U.S. industrial footprint within the Pacific Northwest.

Leased to a national third-party logistics provider, the 162,400-square-foot industrial asset is situated on approximately 8.8 acres within the Auburn submarket, one of the largest and historically best-performing industrial markets in the Seattle MSA. The property benefits from strong functional attributes, including 24-foot clear heights, ESFR sprinklers, multiple points of ingress and egress, and significant excess trailer yard and parking capacity. Its infill location provides convenient access to SR-167 and broader regional connectivity to Seattle, Bellevue, Tacoma, and the Ports of Seattle and Tacoma.

“This acquisition demonstrates our strategy of targeting well-located, functional industrial assets at an attractive basis in supply-constrained markets,” said Tom Stover, Managing Director of Acquisitions at Sagard Real Estate. “The property’s strong fundamentals, combined with embedded mark-to-market potential and a desirable infill location, position it well for performance over the medium and long term.”

Built in 1987, the property is designed to support high-volume distribution and logistics users and offers flexibility for future operational enhancements. Sagard Real Estate plans to execute select capital improvements, with the objective of enhancing long-term value.

The transaction builds upon Sagard Real Estate’s growing footprint in the Pacific Northwest after recent acquisitions in Lake Stevens, WA and Lake Oswego, OR.

About Sagard Real Estate

Sagard Real Estate is a real estate investment advisor and operator providing investment management services throughout the U.S., including portfolio management, acquisitions, debt origination, asset management, development, and property management for investors. With US$5.2 billion in assets under management, Sagard Real Estate offers commercial real estate investment strategies through separate accounts and commingled funds. Founded in 1997, the firm is headquartered in Denver and maintains regional investment offices in New York City, Charlotte, Austin, Los Angeles, and San Francisco metro areas. Sagard Real Estate is a part of Sagard, a multi-strategy alternative asset management firm. For more information, visit www.sagard.com/realestate or follow us on LinkedIn.

About Sagard

Sagard is a global multi-strategy alternative asset management firm with more than US$32B under management, 190 portfolio companies, and 440 professionals.

We invest in venture capital, private equity, private credit, and real estate. We deliver flexible capital, an entrepreneurial culture, and a global network of investors, commercial partners, advisors, and value creation experts. Our dynamic and supportive ecosystem gives our partners the advantage they need to learn, grow and win at every stage. The firm has offices in Canada, the United States, Europe and the Middle East. For more information, visit www.sagard.com or follow us on LinkedIn.