FRED310, a prominent new industrial, warehousing and distribution development on a 310-acres site in the Greater Seattle area, has executed a build-to-suit lease totaling 782,875 square feet with national retailer, Harbor Freight Tools.

FRED310 is owned and being developed by the joint venture of Panattoni and a real estate fund advised by Crow Holdings Capital. The state-of-the-art project is located at Canyon Rd E and E 176th St. in the city of Frederickson, Washington.

Executive Managing Directors Scott Alan, SIOR and Patrick Mullin, and Cushman & Wakefield Managing Director Connor Cree, represented the owners in the transaction – also leading marketing activities for the project.

Alan says: “FRED310 is the premier, new industrial development in the Pacific Northwest.

“We are excited to add Harbor Freight as another significant and high-caliber brand to the project’s growing roster of quality tenants.”

We are thrilled at the level and quality of leasing activity and the rising interest we continue to attract

Travis Hale, Panattoni’s partner in Seattle, adds: “We were highly thoughtful in our plan for FRED310, a new, world-class development well-located in a world-class market with strong industrial fundamentals and ongoing demand, particularly for distribution and manufacturing space.

“It was our primary goal to deliver strategically positioned product to meet the advanced needs and requirements of today’s industrial users. We are thrilled at the level and quality of leasing activity and the rising interest we continue to attract at FRED310.”

The development has been designed with state-of-the-art, modern functionality to meet the specialized needs of today’s distribution and manufacturing users. Buildings under construction for Phase I of the project will offer ample dock high and grade loading, 36’ – 40’ clear heights, abundant auto/trailer parking and large modern truck courts.

The development is well positioned within 30 minutes of the Port of Tacoma and proximate to multiple freeways, including Interstate 5, offering convenient logistical service throughout the Greater Seattle region as well as the West Coast and Mid-West regions. The property is also offering financial and tax incentives to prospective occupants.

Visit http://www.fred310.com/.