Seattle & Northwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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.
- ◦Development
