SEATTLE - Jones Lang LaSalle has been selected to represent PowderMill Business Center at Seaway Center, a fully-entitled 36-acre, 357,000 SF industrial park proposed by Panattoni Development in Everett’s Northend submarket. Brent Jackson, Daniel Seger and Matt Bohner of JLL will handle leasing and sales on behalf of the developer.
The park offers up to five lots with buildings sized from 37,000 SF to 116,000SF for lease or purchase. Panattoni anticipates closing on the property in February and delivering the first phase of buildings as early as the fourth quarter of 2014.
Each building will meet the latest specifications for modern warehouse/distribution buildings including 30-foot clear heights, ESFR fire protection systems, dock high and grade level loading, T-5 energy efficient lighting, R-30 roof insulation and 480v 3-phase electrical service.
“The Everett industrial market has tightened up quite a bit this year and the market is ready for new development. PowderMill is in a very strategic location close to Boeing’s Everett plant with easy access to I-5, I-405 and the Paine Field area, and will offer new Class A industrial product designed to accommodate a variety of tenants looking for new space the Northend market,” said Brent Jackson, vice president, JLL.
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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management. For further information, visit www.jll.com.