1926 Meridian Ave E
Edgewood, WA 98371

CBRE proudly presents the Edgewood Town Center Development Site (the “Property” or the “Site”), a rare opportunity to purchase 12.2 acres of premier multi-family and commercial development potential in the rapidly growing Edgewood submarket of Pierce County, WA. Currently entitled and nearing construction permits for a three-phase project with 578-units and approximately 31,500 SF of retail, the Site offers developers the ability to add a near-term start to their pipeline. The Property provides convenient access to major employment centers and lifestyle destinations, including The Outlet Collection shopping center, South Hill Mall, Federal Way Town Center, top-rated Puyallup School District, Kent Valley and downtown Tacoma. With a limited supply of new construction in the submarket, the Edgewood Town Center Development Site is perfectly positioned to benefit from accelerating rent growth and considerable rental upside amid improving rental fundamentals.