Construction to Begin on Panattoni’s 216,000 SQFT Tall Firs Industrial Park in Tehaleh Community Near Bonney Lake
Tuesday, September 10th 2024
Construction is set to begin on the Tall Firs Industrial Park, a two-building industrial complex within Tehaleh near Bonney Lake, according to industry reports. The project, developed by Panattoni Development Co., will add 216,000 square feet of Class A industrial space to the growing community. The complex will be situated on an 11.5-acre site at 14621 and 14719 170th Ave. E. within Tehaleh’s 112-acre Commerce Center, designated for light industrial, office, and retail development. The two buildings are projected to be completed by summer 2025.
Tehaleh is a master-planned community from Brookfield Residential, managed by Brookfield Properties. Brookfield Residential purchased Newland Communities, Tehaleh’s original developer, in 2021.
Panattoni Development Company, Inc. is a prominent player in the real estate development arena with an extensive international presence. Specializing in industrial, office and build-to-suit projects, Panattoni operates across 53 offices in the United States, Canada, Europe and Asia. The firm has developed over 578 million square feet of real estate, according to its LinkedIn page.
The firm has operated for many years in the Puget Sound region and has multiple projects in various stages of development.
Last year, Panattoni and Crow Holdings Capital celebrated a milestone of FRED310, a new warehouse/distribution project on 310-acres in the Greater Seattle area with the groundbreaking of the 782,875-square-foot building (E) for Harbor Freight Tools, a national tool retailer. Sierra Construction serves as the project’s general contractor. The Class A project is located at Canyon Rd E and 176th St. E in the city of Frederickson. Currently, four buildings (C, D, E, G) totaling 3.3 million square feet are already under construction in the development, much of which is already preleased. The industrial park is expected to expand to as much as 4 million square feet once all six buildings are completed.