The sale is part of a $230 million, four-property long-term leaseback transaction. REI Co-op has sold its Sumner distribution center building in a $101.3 million deal that closed Thursday.
REI’s Sumner distribution center, 1700 45th St. E, was first developed in the early 1990s. It was sold recently for $101.3 million to a New York real estate investment firm. Pierce County ...