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5/03/19
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WestRock Corporation inked a lease for 74.5k sf of space at Hogum Bay Logistics Center (HBLC), a 1.1 msf, three-building logistics campus in Lacey, WA. The complex, located at 8000 Hogum Bay Road NE, is being developed by IDS Real Estate Group, in a joint venture with an institutional pension fund.
WestRock’s lease brings HBLC to 80% leased prior to the completion of construction. WestRock is a leading provider of paper and packaging solutions with over 50,000 employees located in more than 320 manufacturing facilities, design centers, research labs, and sales offices around the world. The firm is joining Uline Corporation, who consolidated multiple facilities into 800k sf at HBLC in the fourth quarter of 2018.
Kidder Mathew’s Evan Parker and Lee & Associate’s Vanessa Herzog, along with IDS Real Estate Group’s Dan Sibson, Rob Fuelling, and John Quinn represented the landlord in this transaction. WestRock was repped by Matt McGregor and Douglas Biggs of Colliers International.
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