In the News
June 21, 2017
Panattoni Development Buys 22-Acre WA Development Site
Real Estate News Television
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Lakewood Tacoma Gateway, 21.83-acre industrial development site in Lakewood, WA, has been purchased by Panattoni Development Company. It was sold by YKC LLC, a private investor.
The property, located at 14801 Spring Street SW, is 10 miles from the Port of Tacoma along the I-5 corridor. The site offers the capability for a large, free standing industrial warehouse, within minutes of a new I-5 interchange. Panattoni will immediately start construction of a 467.5k sf, 36' clear height Class A warehouse, which will also offer 92 on-site trailer parking stalls.
Vanessa Herzog, Holly Yang, Sophia Wong and Michelle Yeh with Kidder Mathews represented both parties in the transaction. Once the project is complete, Herzog and Thad Mallory, also with Kidder Mathews, will represent Panattoni in the leasing of the warehouse. Other team members included Dale Couture with Tahoma Design Group for Architecture, Civil by AHBL Engineering, and General Contractor is Alston Construction.