Newmark has completed a cold storage lease totaling 71,613 square feet on behalf of the landlord at 18404 72nd Avenue South in Kent, Washington. The space has been leased to Plymouth Poultry Company, giving the food-focused tenant access to a specialized industrial facility with dedicated freezer capacity.
Executive Vice Chairman Thad Mallory and Vice Chairman Taylor Hoff of Newmark represented the landlord, described as a private local ownership group. The building is located within Yellowstone Industrial Park in the North Kent Valley, an established industrial hub in the Puget Sound region. According to Newmark, the property is considered a rare cold storage offering in this submarket, where such purpose-built freezer facilities are limited.
The industrial park location provides direct connectivity to major regional transportation and distribution nodes. The site is positioned between the Ports of Seattle and Tacoma and lies only minutes from Seattle-Tacoma International Airport. This combination of port and airport access is expected to support the tenant’s distribution capabilities across a broader logistics network serving the Puget Sound area and beyond.
The building was formerly occupied by Dreyer’s Ice Cream and includes specialized freezer infrastructure that can support temperature-controlled operations. This existing build-out distinguishes the property from standard warehouse product and allows Plymouth Poultry Company to utilize dedicated cold storage systems within a single-tenant setting.
Commenting on the transaction, Hoff described the assignment as one of the most distinctive industrial leasing opportunities Newmark has brought to market in recent years. He noted that many companies needing frozen storage space typically turn to third-party cold storage operators, in part because so few facilities are available that allow occupiers to run and control their own freezer operations directly.
The lease highlights ongoing demand for cold storage facilities within infill industrial locations that offer both port and airport access. In the North Kent Valley, where developable land is constrained and modern cold storage space is scarce, the placement of a food-related tenant into a second-generation temperature-controlled building underscores the continued utilization of specialized industrial assets within established logistics corridors.
The article announcing the lease also notes a forthcoming Connect Industrial West 2026 event, which will feature executives, investors, and developers discussing topics such as shifting capital flows, debt trends, occupier demand, and industrial development strategies across West Coast markets.
