Daily Journal of Commerce
Davis Property & Investment has acquired a 14-acre +/- site located in Lakewood, WA previously the Starlite Drive-In at 8327 South Tacoma Way. After the recent closing of the Swap Meet in May, the project will retain its legendary name Starlite Distribution Center and offer for lease a state-of-the-art distribution facility totaling 246,000 square feet. The site is in the Commercial Zoning District and is suitable for additional uses such as warehousing and storage. Allowing for single or multiple tenants, this property provides direct access from 84th Street and to Hwy I5, is 8 miles from the Port of Tacoma, and is surrounded by public roads providing excellent circulation. Starlite Distribution Center will be a destination with ample maneuverability and trailer parking. Construction will start MONDAY, June 17th, and deliver 2nd quarter of 2020. Davis Property & Investment (DPI) is an accomplished and experienced developer and asset manager of commercial real estate in the greater Puget Sound market. With strategic alliances among many of the region’s finest service providers, DPI’s development and management team ensures higher-than-average project success and performance. Presently, DPI has six (6) industrial and medical buildings at various stages of design and construction with a value of approximately $110.8M, closed over $15.5M in transactions over the last year, and owns/manages nearly 5 million square feet of commercial real estate assets from Seattle, WA to Portland, OR.