News

Dermody Properties Leases 210,700 SF in Seattle to International Appliance Manufacturer

Dermody Properties recently leased a 210,700-square-foot industrial facility in Lakewood, Washington to an international appliance manufacturer.

The facility, known as LogistiCenter℠ at I-5, is located one-half mile from the intersection of I-5 and SR-512 in Lakewood. The building will serve as an appliance warehousing and distribution center.

“We always strive to build state-of-the-art facilities in highly accessible markets that enable companies to reach their customers quickly and efficiently,” said Phillip Wood, Partner, Dermody Properties Northwest Region Office. “We broke ground on this facility one year ago, and are very pleased to now welcome a tenant to LogistiCenter℠ at I-5.”

LogistiCenter℠ at I-5 was developed by Dermody Properties as a Class A distribution facility, featuring 147 car parking spaces, 57 dock doors and 30-foot clear height. Its location off of I-5 near the Ports of Tacoma and Seattle will allow the manufacturer to serve both its national and international customers.

Les Boudwin, Scott Carter, Chris Spofford and Casey Trees of JLL represented Dermody Properties in the transaction and Andrew Hitchcock of CBRE represented the tenant.