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8/11/22
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Construction is about to get underway on four brand-new warehouse/distribution buildings that will bring over 2.3 msf of Class A supply to the Greater Seattle area. The project, FRED310, is being developed by a joint venture of a real estate fund advised by Crow Holdings Capital and Panattoni.
The 310-acre development site is located at Canyon Rd E and E 176th St in the city of Frederickson. The new project has received its State Environmental Policy Act (SEPA) approval and is scheduled to deliver this new speculative built space no later than the first quarter of 2024.
FRED310 also recently signed a new lease for 1.1 msf in the project’s Building C with a leading specialty retailer.
The 2.3 msf is part of the project’s Phase I plan that will consist of four state-of-the-art Class A buildings of 753.2k sf (Building D), 437.4k sf (Building E), 549.3k sf (Building F) and 614k sf (Building G). In total, FRED310 will offer the potential for the development of as much 4 msf of new Class A industrial product.
Scott Alan, SIOR, Patrick Mullin, and Connor Cree with Cushman & Wakefield are leading marketing efforts for the project.
“This modern development is ideal for large manufacturing, distribution, and logistics operations with its easy access to multiple modes of transport including the Port of Tacoma, rail, and highways,” commented Mullin. “Further adding to its appeal are the surrounding favorable demographics and high-profile corporate neighbors and abundant labor.”
FRED310’s Phase I buildings offer state of the art modernization and functionality, catering to the specialized needs of today’s distribution and manufacturing users. The project will offer ample dock high and grade loading, 36’ – 40’ clear heights, abundant auto/trailer parking and large modern truck courts.
The project is well positioned within 30 minutes of the Port of Tacoma and proximate to multiple freeways, including Interstate 5, offering convenient logistical service throughout the Greater Seattle region as well as the West Coast and Mid-West regions. The property also provides several economic and tax incentives for occupants.
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