BLP Acquires 782,775 Sq Ft Class A Distribution Facility in Seattle
BLP has acquired a 782,775-square-foot Class A distribution facility in the Seattle market, which is fully leased to Harbor Freight Tools.
Seattle Tacoma, WA, July 23, 2026 —
BLP has completed the acquisition of a significant industrial property in the Seattle market. The facility, a Class A distribution center, encompasses 782,775 square feet.
The property is fully leased to Harbor Freight Tools, a national retailer known for its wide selection of tools and home products. The terms of the lease and the specific location within the Seattle market were not immediately disclosed.
Class A distribution facilities are generally characterized by modern construction, high ceilings, ample loading docks, and advanced infrastructure designed to support efficient logistics and supply chain operations. These types of properties are highly sought after by distribution and logistics companies due to their capacity to handle large volumes of goods and facilitate timely deliveries.
The acquisition by BLP marks a notable transaction in the Seattle industrial real estate sector, which has seen sustained demand driven by e-commerce growth and the need for robust distribution networks. The presence of Harbor Freight Tools as the sole tenant indicates the suitability of the facility for large-scale distribution needs.
Further details regarding the financial aspects of the transaction, including the purchase price and the seller, have not been publicly released.
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