By Kate Snyder

Four industrial buildings in Auburn traded hands recently, showing that the region continues to record sales transactions. The properties were purchased by an entity affiliated with Schnitzer Properties for $47.5 million, or approximately $208 per square foot, according to King County public records. The seller was an entity affiliated with TA Realty.

The properties comprise two parcels of land with addresses of 2002, 2302, 2200 and 2222 West Valley Hwy N, according to King County public records. Two of the buildings each span approximately 30,576 square feet and were constructed in 2004. The smallest structure consists of 18,000 square feet and was built in 1991, while the largest asset totals 149,023 square feet and was constructed that same year. In total, the property consists of approximately 228,175 square feet.

Schnitzer Properties is a privately-owned real estate company that acquires, manages and develops properties for its own portfolio, according to the firm’s website. Its portfolio includes office, multi-tenant industrial, multi-family and retail commercial properties. Based in Portland, the firm owns and operates over 30 million square feet of real estate, comprising more than 190 properties in six western states. The company was founded in 1950 and has regional offices in Seattle, the Bay Area, Sacramento, Las Vegas, San Diego, Phoenix and Tucson.

Founded in 1982, TA Realty is a real estate investment management firm headquartered in Boston with additional offices in Newport Beach, Dallas and San Francisco, according to the firm’s website. As of last year, TA Realty had acquired, invested and/or managed approximately $40 billion of real estate assets through core, core plus and value-add strategies and customized separate/advisory accounts.

Earlier this year, an entity affiliated with TA Realty sold an industrial property in the Kent Valley for $14.8 million, or approximately $244 per square foot, according to King County public records. The buyer was an entity that shares an address with Nuveen. Located at 18852-18872 72nd Ave. S in Kent, the property consists of four buildings situated on 6.3 acres of land, according to information from Colliers. Built in 1979, the site known as Pacific West Business Center totals 60,530 square feet and comprises both warehouse space and office uses.