Seattle-based Talon pays $18.6 million for Ballard marine industrial site

Talon Private Capital on Monday closed on the acquisition of a nearly four-acre waterfront industrial property in Seattle east of the Ballard Bridge, paying just over $18.6 million.

While it owns some industrial properties in Texas, Seattle-based Talon is not known as an industrial player. But this is changing. Talon Founding Principal Jim Neal said the company is under contract to buy another industrial property in the Seattle area. Before co-founding Talon, Neal bought and sold industrial property as president and CEO of Metzler North America Corp.