Seattle, Wash. (September 7, 2023) – Panattoni Development, in partnership with PGIM Real Estate, has acquired North Creek Commerce Center at 18712 Bothell Everett Highway in Bothell, Washington. Development has begun on the 29-acre Class A flex/industrial park and is expected to be completed by July 2024. Kidder Mathews Executive Vice President Zach Vall-Spinosa along with JSH Properties’ Ernie Velton and Reese Velton, are the leasing agents.
North Creek Commerce Center is the Eastside’s largest new industrial development. The three-building 243,000-square-foot business park will offer 2.7 stalls (1,000-square-foot parking ratio), 30-foot clear height, dock/grade level loading, heavy power, and a 130-foot dedicated truck court. It has direct access to Bothell Everett Highway, an abundance of amenities and easy access to major freeways and interstate highways, including I-5, I-405, and SR-9.
“We are excited to be offering a brand-new product to the Eastside market, which has been lacking close-in flex/manufacturing space. This development is not only creating a new state-of-the-art facility, it also will offer a high parking ratio, nearly three times what most projects can provide,” said Vall-Spinosa.
About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $12 billion in transactions, manages 53 million square feet of space, and conducts over 2,600 appraisals annually. For more information, visit kidder.com.
About JSH Properties
JSH is one of the largest, independent commercial property companies in the Northwest. JSH manages approximately 24 million sf of commercial property and provides a full range of brokerage services. For more information visit JSHProperties.com.