BLP Acquires Seattle Distribution Facility Fully Leased to Harbor Freight Tools
BLP has acquired a large Class A distribution facility in the Seattle market, which is fully leased to Harbor Freight Tools.
Seattle Tacoma, WA, July 23, 2026 —
Seattle, WA – BLP has announced the acquisition of a significant Class A distribution facility located in the Seattle market. The facility is currently fully leased to Harbor Freight Tools, a national tool and hardware retailer.
The specifics of the transaction, including the exact size of the facility and the terms of the lease agreement with Harbor Freight Tools, were not immediately disclosed. The acquisition marks a strategic move for BLP within the robust industrial and logistics sector of the Seattle metropolitan area.
Class A distribution facilities are typically characterized by modern construction, prime locations with good transportation access, and high functionality for distribution operations. These types of assets are in high demand due to the continued growth of e-commerce and the need for efficient supply chain infrastructure.
Harbor Freight Tools operates a large network of retail stores across the United States and relies on distribution centers like the one acquired by BLP to manage its inventory and supply chain operations. The company has a significant presence in the retail market, offering a wide range of tools, equipment, and home goods.
Further details regarding BLP’s investment strategy and the role of this newly acquired facility in its portfolio are expected to be released in the coming weeks. The deal underscores the ongoing activity in the commercial real estate market, particularly within the industrial and logistics property sector.
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