Site next to Boeing Field, once floated for NHL arena, sells for $136 million


The property is so close to the Seattle-Tukwila border that one of the parcels in the deal is in Seattle and the other one, right next door, is in Tukwila.

A large swath of land just south of Boeing Field, right on the border of Seattle and Tukwila, has been sold for $136 million, and the new owners say the site is ripe for potential redevelopment.

The 62-acre property, sold this week by real-estate magnate and former Sonics minority owner Dave Sabey, had been floated as a possible NHL or NBA arena site last year, though those plans have since fizzled out. Sabey bought the site, which includes the old Associated Grocers distribution center visible from Interstate 5, for $91 million in 2007.

The new owner is Prologis, a San Francisco-based real-estate firm that says it is the largest institutional property owner in the South Seattle…


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