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Newmark Arranges 29K-SF Industrial Lease in Kent
Newmark has arranged a 291,035-square-foot industrial lease in Kent, Washington, to Cowboy Space, an aerospace and advanced manufacturing firm that plans to establish a major production operation at the site.
Executive Vice Chairman Thad Mallory, SIOR, and Vice Chairman Taylor Hoff, SIOR, represented the landlord, CenterPoint Properties, in the transaction. According to Newmark research, the transaction is the largest industrial lease in the Puget Sound region year-to-date.
Cowboy Space will transform the facility, at 7650 South 228th Street, into a specialized advanced manufacturing operation supporting space and rocket development, adding approximately 300 jobs to the region’s aerospace industry. Originally developed as a distribution facility and most recently occupied by Costco, the property’s extensive power infrastructure and strategic location made it an attractive solution for Cowboy Space’s manufacturing requirements.
“We’re seeing growing demand from aerospace and advanced manufacturing companies that need significant power, large floor plates and access to engineering talent, and the Kent Valley is uniquely positioned to meet those requirements,” said Hoff.
