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October 7, 2021
Ryan Cos. announced its recent groundbreaking at 65 S. Horton St. in SoDo. With financial partner GTIS Partners, of New York, the plan is to demolish four old industrial buildings for a new four-story logistics and industrial building with about 124,646 square feet. Ryan will build the project, which was designed by Nelson. Ryan's Marc Gearhart says it'll be Seattle's second multilevel warehouse; the first was Georgetown Crossroads, by Prologis, which is entirely leased to Amazon. Ryan acquired the SoDo site two years ago almost $5 million. Bill Condon, Matt McGregor, David Abbott and Greg Inglin of Colliers are brokering the new space.