{"id":1004321531,"date":"2019-05-06T06:37:21","date_gmt":"2019-05-06T14:37:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004321531"},"modified":"2022-03-03T16:11:08","modified_gmt":"2022-03-04T00:11:08","slug":"westrock-signs-74-ksf-industrial-lease-near-seattle","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/westrock-signs-74-ksf-industrial-lease-near-seattle\/","title":{"rendered":"WestRock Signs 74 KSF Industrial Lease Near Seattle"},"content":{"rendered":"<div id=\"attachment_1004321537\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Hogum-Bay-Logistics-Center-aerial.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004321537\" data-attachment-id=\"1004321537\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/westrock-signs-74-ksf-industrial-lease-near-seattle\/hogum-bay-logistics-center-aerial\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Hogum-Bay-Logistics-Center-aerial.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Hogum-Bay-Logistics-Center-aerial\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Hogum-Bay-Logistics-Center-aerial.png?w=800\" loading=\"lazy\" class=\"wp-image-1004321537 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Hogum-Bay-Logistics-Center-aerial.png\" alt=\"Hogum Bay Logistics Center. Image courtesy of IDS Real Estate Group\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Hogum-Bay-Logistics-Center-aerial.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Hogum-Bay-Logistics-Center-aerial.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Hogum-Bay-Logistics-Center-aerial.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004321537\" class=\"wp-caption-text\">Hogum Bay Logistics Center. <em>Image courtesy of IDS Real Estate Group<\/em><\/p><\/div>\n<p>In a joint venture with an institutional pension fund, IDS Real Estate Group has leased more than 74,000 square feet of space in the Hogum Bay Logistics Center\u2014a 1.1. million-square-foot logistics campus\u2014to WestRock Corp., a packaging company.<\/p>\n<p>Located at 8000 NE Hogum Bay Road in Lacey, Wash., the three-building campus provides convenient access to Interstate 5, Target Distribution Warehouse, Trader Joe\u2019s Warehouse, Home Depot and Medline. Additionally, Port of Tacoma is approximately 23 miles away, while Port of Seattle is 50 miles away.<\/p>\n<p>Hogum Bay Logistics Center is 80 percent leased prior to completion by tenants including Uline Corp., which consolidated various facilities into 800,000 square feet.<\/p>\n<p>Colliers International\u2019s Batt McGregor and Douglas Biggs worked on behalf of WestRock, while Kidder Mathew\u2019s Evan Parker and Lee &amp; Associates\u2019 Vanessa Herzog, along with IDS Real Estate Group\u2019s Dan Sibson, Rob Fueling and Jon Quinn represented the landlord.<\/p>\n<p><em>\u201cHogum Bay Logistics Center provides brand new buildings, state-of-the-art building systems and excellent access to the Interstate 5 freeway which allows tenants to efficiently and cost-effectively service both the Seattle and Portland submarkets,\u201d<\/em> Dan Sibson, senior vice president at IDS Real Estate Group, said in a prepared statement.<\/p>\n<p>The deal comes a few months after IDS teamed up with Lionstone Investments to acquire a <a href=\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-portfolio-commands-77m\/\">$76.8 million four-building Class A office portfolio<\/a> in San Diego.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The packaging company joins Uline Corp. at Hogum Bay Logistics Center, which occupies the bulk of the 1.1 million-square-foot facility in Lacey, Wash.<\/p>\n","protected":false},"author":2518,"featured_media":1004321537,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,1610,15],"tags":[32763,35292,33612,32762,34307],"class_list":["post-1004321531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-seattle","category-west","tag-colliers-international","tag-ids-real-estate-group","tag-kidder-mathews","tag-lee-associates","tag-westrock"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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