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August 18, 2016

Chill out, man: Burien is getting a big cold storage warehouse, too

Puget Sound Business Journal

Marc Stiles

As a heat wave bears down on Seattle, the region is getting another cold-storage warehouse.

On Thursday, commercial real estate company Kidder Mathews announced that the city of Burien has sold a property to a Chicago company, which is building a cold-storage facility on the site northeast of Seattle-Tacoma International Airport. This is the second time in a week that someone has announced a cold-storage facility in South King County.

Bridge Development Partners Limited Liability Co., of Chicago bought 14 acres at 1010 S. 146th St. in Burien, where it's constructing a 241,140-square-foot cold-storage warehouse. Western Distribution Services Limited Liability Co., of Renton will operate the facility, which according to Bridge is schedule to be done early next year.

Last week, a New Jersey company announced plans for a larger cold-storage plant on Weyerhaeuser's soon-to-be-former headquarters in Federal Way, which is about 15 miles south of Sea-Tac Airport and 10 miles from the Port of Tacoma. Weyerhaeuser is moving its headquarters to Seattle.

Western Distribution President John Naylor said new cold-storage facilities are needed to meet food safety regulations. Proximity to ports expedites shipping.

The Bridge project is a milestone for Burien because it's the first private-sector investment in the city's "Northeast Redevelopment Area," which is zoned for airport-compatible developments. The city formed the 158-acre NERA in 1997 and worked with the Port of Seattle, which operates Sea-Tac, on an economic development plan.

The NERA plan complements the port's Century Agenda. The goal is to add 100,000 jobs over the next quarter century while reducing the environmental impacts of port operations.

Kidder Mathews brokers Dan Mathews and Mike Newton put the deal together for Burien and Bridge, a privately held company.

Public records show that Bridge paid the city $4.5 million for most of the site. Burien had paid just over $3 million for the property a couple years ago. Several small parcels make up the rest of the site, and Bridge bought those for nearly $800,000.

For the full story, go to Puget Sound Business Journal.

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