Construction Started on $32M Marysville Manufacturing Building
Vector Development, a Kirkland-based commercial real estate firm, has begun construction of a $32 million manufacturing facility at the Marysville I-5 Industrial Center (MI-5). The two-building development at 4000 156th St. NE will provide 247,000 square feet of space for manufacturing or distribution tenants.
Vector is developing the facility in partnership with Marysville Investment Partners, a local real estate investment group. The project is expected to be completed in spring 2020. JMR Construction has been selected as the general contractor for the industrial center.
“We are very excited to be a part of the Arlington-Marysville Manufacturing Industrial Center zone and hope prospective tenants can capitalize on these tax abatements and attract new jobs,” said Tyler Litzenberger, Vector’s president. “MI-5 is also in a great location, strategically situated close to the highly desirable Everett industrial sub-market, Boeing and many related aerospace businesses.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.