Seattle & Northwest + Seattle + Industrial | April 20, 2023

Panattoni, Crow Holdings Have Permits in Hand for Frederickson Industrial’s Next Phase

Permits were approved this week for the construction of a 611,000-square-foot warehouse in the FRED310 development in Frederickson, WA, the Puget Sound Business Journal reported.

Up to seven buildings totaling four million square feet are planned for the 310-acre industrial park, under development by joint venture partners Panattoni Development Co. and Crow Holdings on a former Boeing Co. property.

The latest addition, a $68-million project called Building G, is being developed on a speculative basis. The project is set for completion in 2024.

Another large spec warehouse project will soon join the pipeline. The partners said they’ll seek permits for the 750,000-square-foot Building D.

“We continue to see good tenant interest in our Fred 310 Project in Frederickson and that gives us confidence to build the 750,000-square-foot Building D and 611,000-square-foot Building G spec this summer to meet the demand,” Travis Hale, partner at Panattoni, told the Business Journal.

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Panattoni's Hale

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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