Cushman & Wakefield has brokered the sale of a 782,775-square-foot industrial facility in Frederickson, Washington, in a transaction reported at $174 million. The single-building asset is positioned within the Seattle-Tacoma industrial market and is fully leased to Harbor Freight Tools, providing the buyer with a long-term, income-producing logistics property.
The facility is subject to a lease with Harbor Freight Tools that carries an average weighted lease term of 8.8 years. Marketed as a core investment opportunity, the asset offers investors durable cash flow backed by a national tool and equipment retailer and exposure to one of the Pacific Northwest’s key distribution corridors.
Cushman & Wakefield’s investment sales team represented the seller in the transaction. The brokerage team included Bryce Aberg, Jeff Chiate, Matthew Leupold, Charlie Jacobs and Jeffrey Cole. The buyer was described as an institutional industrial investor focused on logistics real estate, though the specific entity was not disclosed.
In commenting on the trade, Bryce Aberg noted that the deal highlights ongoing demand for institutional-quality logistics properties in core Pacific Northwest locations. He added that the disposition of the Harbor Freight-occupied building at Fred 310 underscores a broader flight to quality that continues to shape industrial investment activity across the greater Pacific Northwest industrial markets.
The property consists of a modern warehouse and distribution building designed to support large-scale logistics operations. It features high clear heights, ample dock-high loading positions and expansive truck courts intended to accommodate heavy truck traffic and efficient circulation.
The facility is part of FRED310 Industrial Park, which was developed by Panattoni and Crow Holdings Capital. The project has been positioned as a modern logistics hub serving regional and national users seeking access to the Seattle-Tacoma area and the wider Pacific Northwest. With the long-term Harbor Freight lease in place and contemporary building specifications, the asset aligns with institutional investors’ focus on stabilized, high-quality industrial properties.
By combining a substantial footprint, modern distribution features and a committed tenant, the Frederickson asset reflects how core industrial investments are being underwritten in major West Coast distribution markets. The sale also illustrates the role of large-scale, master-planned industrial parks such as FRED310 in aggregating institutional capital into logistics-focused strategies.
