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.