Login

Seattle Investor Buys Former Tacoma Kmart for Multifamily Development

Strong Rent Growth, Lower Construction Costs Driving Development in Pierce County
The former "Big K" property at 5132 Sixth Ave. in Tacoma, Washington, sold for $14 million. (CoStar)
The former "Big K" property at 5132 Sixth Ave. in Tacoma, Washington, sold for $14 million. (CoStar)
By Jared Kadry
CoStar Analytics
May 7, 2021 | 4:08 P.M.

In another example of brick-and-mortar retail buildings being repurposed, Goodman Real Estate has purchased the former Kmart property at 5132 Sixth Ave. in Tacoma and plans to build 400 apartment units on the site.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE