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