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December 04, 2015

Irish food firm to open a plant in Des Moines

Seattle Daily Journal of Commerce

Journal Staff

Leasing three buildings in the first phase of Des Moines Creek Business Park has been a dream for Kidder Mathews, the broker.

The Economic Development Council of Seattle & King County announced yesterday that Greencore Group of Ireland signed a long-term lease with Panattoni Development and MetLife, which own the park.

Greencore makes fresh and frozen to-go foods. Most of its products are sold in coffee shops, grocery stores and convenience chains under private labels.

"This is turning out - in terms of pre-leasing - to be the most successful business park in my 30 years of working in the industry," said Chris Corr of Kidder Mathews.

Greencore is taking 78,217 square feet in Building B, where Organically Grown has a lease for 35,000 square feet. That leaves about 32,000 square feet in Building B.

Meiko, a freight-forwarding company, has taken 32,000 square feet in Building A, which has 157,200 square feet. K2 Sports has signed up for 165,000 square feet in Building C, which has 233,600 square feet.

Corr said there will be another tenant announcement next week that will bring occupancy in the park to 83 percent.

Why all the interest? Corr said it's the location: less than a 6-minute drive to both Interstate 5 and Sea-Tac Airport.

Sierra Construction should have all three buildings finished in about a month. CollinsWoerman designed the shells and SynThesis Architects is the interior designer.

Greencore project manager Richard McGowan said in a news release, "We are looking forward to opening our newest food manufacturing facility in Des Moines in early 2016. This site will be unique for us because it will also house an Innovation Center where we'll conduct most of the research and development work for the U.S. market."

The news release said 350 jobs will be relocated from a smaller facility and 50 new positions will be added.

Greencore's website has job postings for managers of the new plant that will serve corporate clients in the West and Mountain regions.

Greencore's U.S. headquarters are in Danvers, Massachusetts.

Kidder Mathews' leasing team includes Thad Mallory and Travis Stanaway.

© 2015 Seattle Daily Journal of Commerce. All rights reserved.

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