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December 7, 2023
In the Spanaway area, spanning some 3 million square feet in six industrial buildings, Logistics Property Company's phased Frederickson One has been steadily adding tenants in recent years. One recent lease deal for the new Buildings 4 and 7 now brings the development to full capacity. LPC made the announcement at the end of last month, but didn't name the tenant. Pierce County records show that Boeing claimed the duo, which total 845,618 square feet. Boeing's brokers were Patrick Mullin and Scott Alan at Cushman & Wakefield. LPC's own Drew Zaborowski and Joe Sandhu worked with the Colliers team of Matt McGregor and Bill Condon on the deal. Condon said in a statement, “LPC has had unparalleled success in the Frederickson market as they build best-in-class buildings.” Other tenants include Ashley Furniture, Ikea, Amazon, Ace Hardware and Holman Logistics.