Will Trader Joe’s acquire the 492,000-square-foot in WA

Trader Joes Buying in Sumner, WA?
The long-suffering industrial market is the source of much buzz this week thanks to the AMB Property/ProLogis merger. We’ll get to that after examining the chatter about a more tangible transaction: Will Trader Joe’s acquire the 492,000-square-foot Summit building at Sumner Corporate Park or do a build-to-suit?
TJ’s purchase of the Summit would signal a major expansion for the California grocer in the Northwest, where it now has 26 stores with one more opening in Spokane and another coming to Salem, Ore. TJ’s pursuit of a build-to-suit would mean happy days for builders in a market that has seen almost no new warehouse construction in the last year.