Dermody Expands Northwest Portfolio with Tacoma Acquisition
Dermody has announced the acquisition of 40.86 acres of fully entitled land located at 17027-17028 Canyon Parkway E. in Tacoma, Washington, further expanding its industrial real estate footprint in the Northwest Region.
The site, named LogistiCenter at Frederickson, will be developed to include two industrial buildings and a trailer lot. Building A will span 443,420 square feet, while Building B will offer 91,728 square feet of space. The development will also feature a trailer lot covering more than 3 acres.
CBRE’s Andrew Hitchcock and Andrew Stark, both Executive Vice Presidents, and Zac Snedeker, Senior Vice President, are serving as the leasing brokers for the project. Brett Hartzell, Vice Chairman of CBRE’s National Partners, provided additional support during the transaction process.
Ben Seeger, Northwest Region Partner at Dermody, commented on the strategic importance of the location, stating, “The Tacoma-Fife submarket is one of the most sought-after submarkets in the region due to its proximity to skilled labor, a large consumer base and access to the Ports of Seattle and Tacoma.” Seeger also noted that Frederickson has seen a significant uptick in leasing activity, representing the bulk of transactions in the Puget Sound area over the past three years.
