Home Real Estate FRED310 Breaks Ground on Industrial Building for Harbor Freight Tools
Real Estate

FRED310 Breaks Ground on Industrial Building for Harbor Freight Tools

FRED310, a new warehouse and distribution project on 310 acres in the Greater Seattle area, developed by the joint venture of Panattoni and Crow Holdings Capital, has broken ground on a 782,875-square-foot building for Harbor Freight Tools, a national tool retailer.

Executive Managing Directors Scott Alan, SIOR and Patrick Mullin, as well as Managing Director Connor Cree with Cushman & Wakefield, represented ownership in the lease with Harbor Freight and led marketing efforts. “FRED310 is the premier, new industrial development in the Pacific Northwest, and we expect this momentum to carry over into 2024 at the project,” said Alan.

Harbor Freight’s long-term lease is one of the largest industrial leases in the region this year. Sierra Construction serves as the project’s general contractor. Four buildings totaling 3,266,390 square feet are already under construction in the development, much of which is already preleased.

“Our plan for FRED310 was to deliver a thoughtful, world-class development with a superior location in a world-class market with strong long-term industrial fundamentals, particularly for distribution and manufacturing space.”

– Travis Hale, Seattle Partner for Panattoni

Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Memphis Dermon Building Converting to 150-Room Hotel

The Dermon Building in Memphis was built 99 years ago, designed as...

Real Estate

Developer Duo Secures $120M Refi for Charleston Harbor Rental Community

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to...

Real Estate

Bonita Springs Site for 252-Unit Apartment Community

Madison Communities and Heitman have closed a $44 million construction loan for...

Real Estate

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Berkadia has secured financing for the acquisition of The Duo Apartments, a...