IKEA to buy property from port
Swedish furniture retailer IKEA is buying 70 acres in Frederickson from
the Port of Tacoma, with plans to build a distribution center that will
serve IKEA stores in Washington, Oregon, Utah and the Canadian
provinces of Alberta and British Columbia.
The Port of Tacoma commission on Tuesday approved the sale of the
property – on the northeast corner of 38th Avenue East and 200th Street
East – to IKEA for $8.66 million.
Derrick Urquhart, the port’s manager of industrial real estate, said
the distribution center will create 150 jobs and drive more imported
cargo through the port. The distribution center also will add some
diversity to the port’s Frederickson Industrial Area, which now houses
mostly manufacturers such as The Boeing Co., Toray Composites of
America and Northwest Door, Urquhart said.
Frederickson’s location was the draw for IKEA.
By Kelly Kearsley
The News Tribune
[via Jen]
