By Kate Snyder

An office and manufacturing property traded hands in Tacoma recently. According to Pierce County public records, several properties that spanned multiple parcels were purchased for $12.1 million. The buyer was an entity affiliated with Alterra Property Group, and the seller was an entity affiliated with Rhine Equipment Co.

Located at a number of addresses, including 1120 – 1124 & 1206 112th St. E, the properties involved in the transaction were separate parcels, according to Pierce County records. Among the structures on the parcels were two small office buildings totaling 2,000 square feet. Several acres of vacant land were also included in the deal.

Alterra Property Group is an established real estate investment, development, and management company based in Philadelphia

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