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October 10, 2019
Logistics Property Co. announced the recent hiring of 19-year industry veteran Joe Sandhu to oversee its western region. He makes the move from Lendlease, and will be based in Seattle's new office. LPC itself is based in Chicago, and has offices in several U.S. cities. It values its logistics portfolio at around $1.25 billion.
Sandhu said in a statement, “While LPC only officially launched in Seattle in May, we're particularly excited about the progress of Frederickson One, and look forward to announcing other projects in the west region soon.”
LPC paid $46 million last year for 210 acres 2601 200th St. E. (near both Frederickson and Spanaway in Pierce County). Its partner in that phased 2.5 million-square-foot project is MIRA Real Estate, aka Macquarie Capital of New York. Craft Architects designed Frederickson One; no tenants or general contractor have been announced.