Seattle & Northwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Dermody Aqcuires LogistiCenter at Frederickson in Tacoma
Dermody has added to its Northwest Region industrial real estate portfolio with the acquisition of 40.86 acres of land located at 17027-17028 Canyon Parkway E. in Tacoma, Washington.
The fully entitled site will become LogistiCenter at Frederickson, housing two buildings, Building A and B, as well as a trailer lot. Building A will be a 443,420-square-foot facility, and Building B is 91,728 SF. The trailer lot will be 3+ acres.
Andrew Hitchcock, Executive Vice President; Andrew Stark, Executive Vice President; and Zac Snedeker, Senior Vice President, are the leasing brokers for the project at CBRE. Brett Hartzell, Vice Chairman of CBRE’s National Partners, also assisted in the transaction.
“The Tacoma-Fife submarket is one of the most sought-after submarkets in the region due to its proximity to skilled labor, a large consumer base and access to the Ports of Seattle and Tacoma,” said Ben Seeger, Northwest Region Partner at Dermody. Frederickson has experienced a recent surge in leasing activity, accounting for the majority of all transactions in the Puget Sound over the past three years.
