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May 19, 2022

State could own or occupy old Weyerhaeuser HQ, though warehouse plan survives

By BRIAN MILLER
Real Estate Editor

Photo by Industrial Realty Group [enlarge]
The handsome old building will enjoy protections for both its interiors and exteriors; who fills it, and under what future ownership, are questions that remain to be answered.

No money has changed hands, but Industrial Realty Group might be able to unload at least part of its problematic and largely vacant 400-acre former Weyerhaeuser campus in Federal Way to our state government. Last week, as part of the signed and approved supplemental capital budget, the state approved funding to study a possible purchase or lease of the iconic 337,000-square-foot building at 33663 Weyerhaeuser Way S., just east of Interstate 5.


 
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