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June 17, 2018
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PACIFIC NORTHWEST NEWS
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PCCP LLC and Panattoni Development to Develop 200k sf Warehouse Project in Washington

2/09/18

PCCP LLC and Panattoni Development Company Inc have teamed up in a venture to develop Glacier Peak, an industrial warehouse building totaling 201.5k sf in Everett, WA. The joint venture acquired the site from the Port of Everett.

The project will sit on a 10-acre site on Riverside Rd, within the Seattle-Tacoma industrial market. It is located at Riverside Business Park in northern Everett, approximately one and a half miles from an Interstate 5 interchange and 15 minutes to Boeing’s primary assembly plant at Paine Field Airport. The Park site was formerly a Weyerhaeuser lumber mill for more than 80 years, until the Port of Everett bought the land in 1998 to help facilitate redevelopment.

The new project will be a 32’ clear height, single‐loaded, concrete tilt-up industrial building featuring multiple access points, 130‐foot truck courts, and ESFR fire suppression systems. The remainder of Riverside Business Park includes a nearly complete warehouse build-to-suit for an aerospace related company and a FedEx distribution facility.

Dorian Farhang, vice president with PCCP, the project is the company’s seventh speculative industrial development in joint venture with Panattoni nationwide.

The City of Everett is primarily known as the home of Boeing's assembly plants for the 747, 767, 777 and 787 jetliners. The submarket generally consists of local and regional distribution tenants and aerospace related tenants that serve Boeing’s manufacturing operations in Everett.




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