{"id":1004692543,"date":"2023-12-04T08:30:43","date_gmt":"2023-12-04T16:30:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004692543"},"modified":"2023-12-06T23:07:07","modified_gmt":"2023-12-07T07:07:07","slug":"panattoni-jv-breaks-ground-on-783-ksf-seattle-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/panattoni-jv-breaks-ground-on-783-ksf-seattle-building\/","title":{"rendered":"Panattoni JV Breaks Ground on Seattle Project"},"content":{"rendered":"
\"Building<\/a>

Three of FRED310’s six buildings are already preleased, encompassing roughly 2.2 million square feet.\u00a0Image courtesy of Cushman & Wakefield<\/em><\/p><\/div>\n

A joint venture of Panattoni<\/strong> Development Co.<\/strong> and Crow Holdings Capital<\/strong> has broken ground on a 782,875-square-foot industrial facility in Frederickson, Wash., a Seattle suburb. The build-to-suit asset will be constructed for\u00a0Harbor Freight Tools<\/strong><\/a>. Completion is expected in the second quarter of 2024.<\/p>\n

Building E is part of FRED310, an industrial development planned to encompass around 4 million square feet across six buildings. Four of them are already underway, totaling 3.3 million square feet.<\/p>\n

Another build-to-suit project at the industrial park includes the 1.1 million-square-foot Building C, which is constructed for Floor & D\u00e9cor.<\/p>\n

The developer acquired the 310-acre site in 2021 from The Boeing Co. for $200 million. Earlier this year, the joint venture secured a $252.3 million construction loan<\/a> from Pacific Capital Coast Partners<\/strong> for the first phase of the project. The second phase will include two buildings\u2014A and B\u2014encompassing approximately 539,300 square feet. FRED310 is set to feature 36- to 40-foot clear heights and 130-foot trailer courts, along with ESFR sprinkler systems.<\/p>\n

The development team includes general contractors Sierra Construction <\/strong>and Alston Construction<\/strong>, architecture firm NELSON<\/strong> and engineers AHBL<\/strong>, Kimley-Horn<\/strong> and Terra Associates<\/strong>.\u00a0Cushman & Wakefield\u00a0<\/strong>represented the owner in the lease transaction with Harbor Freight Tools.<\/p>\n

The facility is taking shape at the intersection of Canyon Road E and 176th St. E, 9 miles from Interstate 5 and some 16 miles from Port of Tacoma. Downtown Seattle is 45 miles north, while Port of Seattle is 46 miles away. Seattle-Tacoma International Airport is 36 miles northeast.<\/p>\n

Panattoni grows Washington inventory<\/h2>\n

Earlier this year, Panattoni partnered with PGIM Real Estate for the construction of a 243,000-square-foot industrial complex<\/a> in Bothell, Wash. The three-building project is slated for completion in the summer of 2024.<\/p>\n

In January, the firm announced a 243,000-square-foot speculative warehouse<\/a> in Covington, Wash., expected to come online this year. Another project, in partnership with PCCP, involves the development of two infill industrial parks in Vancouver, Wash<\/a>., set to encompass some 625,000 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"

Harbor Freight Tools will occupy the build-to-suit facility.<\/p>\n","protected":false},"author":3355,"featured_media":1004692545,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,1610,15],"tags":[35422,38265,33837],"class_list":["post-1004692543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-seattle","category-west","tag-crow-holdings-capital-real-estate","tag-harbor-freight-tools","tag-panattoni-development-company"],"acf":[],"yoast_head":"\nPanattoni JV Breaks Ground on Seattle Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Panattoni and Crow Holdings Capital have broken ground on Building E, a 782,875-square-foot industrial facility in Frederickson, Wash.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/panattoni-jv-breaks-ground-on-783-ksf-seattle-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panattoni JV Breaks Ground on Seattle Project\" \/>\n<meta property=\"og:description\" content=\"Panattoni and Crow Holdings Capital have broken ground on Building E, a 782,875-square-foot industrial facility in Frederickson, Wash.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/panattoni-jv-breaks-ground-on-783-ksf-seattle-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-04T16:30:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-07T07:07:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/FRED310-Rendering-e1701685291408.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2309\" \/>\n\t<meta property=\"og:image:height\" content=\"1732\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/panattoni-jv-breaks-ground-on-783-ksf-seattle-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/panattoni-jv-breaks-ground-on-783-ksf-seattle-building\/\",\"name\":\"Panattoni JV Breaks Ground on Seattle Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/panattoni-jv-breaks-ground-on-783-ksf-seattle-building\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/panattoni-jv-breaks-ground-on-783-ksf-seattle-building\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/FRED310-Rendering-e1701685291408.jpg\",\"datePublished\":\"2023-12-04T16:30:43+00:00\",\"dateModified\":\"2023-12-07T07:07:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"Panattoni and Crow Holdings Capital have broken ground on Building E, a 782,875-square-foot industrial facility in Frederickson, Wash.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/panattoni-jv-breaks-ground-on-783-ksf-seattle-building\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/panattoni-jv-breaks-ground-on-783-ksf-seattle-building\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/panattoni-jv-breaks-ground-on-783-ksf-seattle-building\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/FRED310-Rendering-e1701685291408.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/FRED310-Rendering-e1701685291408.jpg\",\"width\":2309,\"height\":1732,\"caption\":\"Building E is part of FRED310, an industrial park that will comprise approximately 4 million square feet upon completion. 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