Newmark has arranged a 291,035-square-foot industrial lease in Kent, Washington, for aerospace and advanced manufacturing company Cowboy Space. The tenant plans to establish a major production operation in the facility, positioning the property for a new role in the region’s growing space and rocket supply chain.
The lease covers an industrial building located at 7650 South 228th Street. Cowboy Space intends to convert the property into a specialized advanced manufacturing operation that supports space and rocket development activities. As part of this expansion, the company expects to add approximately 300 jobs to the Puget Sound region’s aerospace industry, reinforcing the area’s position as a hub for aerospace-related employment.
Executive Vice Chairman Thad Mallory, SIOR, and Vice Chairman Taylor Hoff, SIOR, of Newmark represented the landlord, CenterPoint Properties, in the transaction. Newmark’s research indicates that this is the largest industrial lease completed in the Puget Sound region so far this year, underscoring the scale of Cowboy Space’s planned operations within the local industrial market.
The property was originally developed as a distribution facility and was most recently occupied by Costco. Its existing power infrastructure and strategic industrial location were key elements in meeting Cowboy Space’s manufacturing requirements. These characteristics allowed the building to transition from a distribution-focused use toward a more specialized advanced manufacturing role without the need for speculative assumptions about additional upgrades or amenities.
Hoff noted that aerospace and advanced manufacturing users are increasingly focused on buildings that can deliver significant power capacity, large floor plates, and access to engineering talent. He added that the Kent Valley is uniquely positioned to satisfy those requirements, suggesting that the submarket offers a combination of workforce access and physical building characteristics that align with the needs of high-tech industrial users.
The lease brings together a landlord with an established industrial asset base and a tenant operating in a high-growth segment of the aerospace sector. While specific lease economics and term details were not disclosed, the transaction reflects ongoing demand for well-located industrial assets in the Kent Valley, particularly those capable of accommodating power-intensive, technology-driven manufacturing operations.
