WareSpace, a national operator of modern small-bay warehouse space, has acquired a vacant industrial building at 700 Powell Ave. S.W. in Renton, Washington, for $19 million.
The 90,000-square-foot property will be converted into a fully managed warehouse hub. The Renton location is expected to open in 2027. Renton serves as a key logistics corridor with direct connectivity to Seattle, Bellevue, and Sea-Tac International Airport.
“Renton is exactly the kind of market we look for — well-located buildings that can be repositioned to better serve local entrepreneurs,” said Joseph Ely, co-founder and COO of WareSpace. The Renton hub will offer private suites with all-inclusive pricing and shared infrastructure, providing a turnkey alternative to traditional leasing.
WareSpace tenants range from e-commerce sellers and contractors to light manufacturers and tech startups. “We’re rethinking how small industrial space is delivered by making it modern, flexible, and ready for growth,” said Levi Cohen, co-founder and CEO of WareSpace.
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