Bridge Logistics Properties has expanded its industrial holdings in the Pacific Northwest with the acquisition of a large-scale distribution facility at 6920 192nd Street in Frederickson, Washington. The property totals 782,775 square feet and is located within the Seattle-Tacoma metro area, a major logistics hub for regional and national distribution activity.
The acquisition is Bridge Logistics Properties’ largest purchase in the Seattle market to date, underscoring the firm’s strategic push to build scale in key West Coast industrial corridors. The facility functions as a distribution hub within the broader Seattle-Tacoma logistics ecosystem, benefiting from proximity to port infrastructure, population centers, and regional transportation networks.
Completed in 2024, the Frederickson facility is fully leased on a long-term basis to Harbor Freight Tools. The building serves as a regional distribution center for the retailer, supporting its network of more than 1,600 stores across the United States. The long-term, single-tenant commitment provides income visibility while tying the asset’s performance to Harbor Freight Tools’ ongoing retail operations and store footprint.
The property was developed by Panattoni as part of the Fred310 industrial development in Frederickson and was delivered in 2024. Fred310 is a master-planned industrial project, and this building represents one of its large-format logistics components. As new construction, the facility aligns with modern distribution requirements and positions the asset competitively within the market’s contemporary industrial inventory.
Cushman & Wakefield played a role in facilitating the transaction, with Jeff Chiate and Bryce Aberg involved in the acquisition process. While detailed transaction terms were not disclosed, the deal highlights continued institutional interest in newly delivered, fully leased industrial assets tied to national credit-backed distribution operations.
The facility sits on approximately 53.3 acres and is located about 17 miles from the Port of Tacoma, the largest container port in the Seattle metro area. This location supports multi-modal connectivity across the Pacific Northwest, providing access to port operations, major regional population centers, and critical highway and transportation infrastructure. The combination of scale, modern construction, and access to port and population nodes positions the property as a core logistics asset within the Frederickson submarket and the larger Seattle-Tacoma industrial region.
