Seattle & Northwest + Seattle + Industrial | September 7, 2023

Panattoni Breaks Ground on Large Industrial Development

Panattoni Development, in partnership with PGIM Real Estate, acquired North Creek Commerce Center at 18712 Bothell Everett Highway in Bothell, Washington. Kidder Mathews Executive Vice President Zach Vall-Spinosa along with JSH Properties’ Ernie Velton and Reese Velton are the leasing agents.

North Creek Commerce Center is the Eastside’s largest new industrial development. Development has begun on the 29-acre Class A flex/industrial park and is expected to be completed by July 2024. The three-building, 243,000-square-foot business park has direct access to Bothell Everett Highway. The property also offers easy access to I-5, I-405, and SR-9.

“We are excited to be offering a brand-new product to the Eastside market, which has been lacking close-in flex/manufacturing space. This development is not only creating a new state-of-the-art facility, it also will offer a high parking ratio, nearly three times what most projects can provide,” said Vall-Spinosa.

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Kidder MathewsPanattoni Development PGIM Real Estate

About Jasmine Kilman

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.

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