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September 20, 2021

Panattoni pays Boeing $200M for Frederickson site; possible 4 million SF planned

Real Estate Editor

In a $200 million land sale, Boeing has sold about 310 acres of undeveloped Puyallup-area property to Panattoni. The aerospace giant, hurt by the 737 Max fiasco, pandemic and sluggish aircraft sales, had said this spring that the property, among others, would be sold.

Pierce County recorded the sale last week, at and around 18001 Canyon Rd. E., which most would locate in Frederickson. Both parties used LLCs in the transaction, which was worth about $15 per square foot. Brokers were not announced.

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