Time Equities Inc. has acquired 4831 Old Seward Highway in Anchorage, Alaska for $13.75 million. The 102,366-square-foot industrial building is the firm’s fifth asset in Anchorage.
“Anchorage industrial space is in high demand and short supply, which makes the acquisition of 4831 Old Seward Highway especially exciting for us,” said Ami Ziff, managing director of national retail at TEI. “The region fits squarely into our broader strategy of identifying markets where logistics, transportation and trade converge to create durable long-term demand. The acquisition of 4831 Old Seward Highway strengthens our portfolio with an asset that is not only essential to local businesses but also plays a role in supporting national and international commerce.”
4831 Old Seward Highway is currently 97% leased with key tenants including Staples and Treeforms, a local Anchorage furniture store.
Anchorage serves as the gateway for the vast majority of Alaska’s domestic seafood, operates one of the busiest cargo airports in the country and has a strategically vital port that underpins regional and global supply chains.
TEI was represented in-house by Ziff, Jonathan Kim, Grant Scott and Eli Smith. The seller was represented by Mark Filipenko, broker at Bond Filipenko Commercial Properties LLC.
