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10/19/22
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Work has gotten underway on Green Acres Distribution Center, a 192k sf spec distribution project in Spokane Valley, WA. The project, situated on 9.8 acres at 17770 East Euclid Ave, is being developed by a joint venture of PCCP LLC and Panattoni Development Company Inc.
The facility will feature modern amenities desired by today’s users, including 30’ clear height. The project is expected to complete in Q3 2023.
The site is 12 miles east of downtown Spokane in an established industrial corridor with the majority of the existing product comprising approximately five msf within Spokane Industrial Park, a former military base developed during World War II. This industrial park consists primarily of metal buildings with lower clear heights. Despite this outdated inventory, the submarket is almost completely occupied with a vacancy of just 0.5%.
New product to the submarket has been met with strong tenant demand over recent years and large users such as Amazon have been establishing a presence there. In August 2021, Panattoni completed the development of a 1.1 msf build-to-suit facility for Amazon.
“Green Acres Distribution Center is an important addition to the market in our view,” said Donnie Belk, Development Manager for Panattoni Development. “The new facility will offer a product type that is scarce in Spokane where demand remains high for distribution.”
The area is attractive to distribution users as it provides an abundant nearby labor pool; access to I-90, the major east-west highway that serves the MSA; and is flanked on both sides by the Union Pacific and Burlington Northern Santa Fe (BNSF) railroads.
Spokane is the largest population center in the Pacific Northwest between Seattle and Minneapolis making it attractive to companies seeking to reach customers in the region. The market also offers air transit capabilities through Spokane International Airport and can receive shipped inventory from Seattle’s ports via I-90, providing a variety of supply chain options for tenants.
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