Newmark has completed the full lease-up of Des Moines Creek Business Park West, a newly delivered industrial facility totaling 405,680 square feet in Des Moines, Washington. The property is located at 1800 S. 216th Street and adds a large block of modern logistics space to the Des Moines Creek industrial corridor.
The project was developed by Panattoni Development Co. on a ground lease from the Port of Seattle. Ownership of the asset is held by Panattoni Development Company and Principal Financial Group. Newmark Executive Vice Chairman Thad Mallory and Vice Chairman Taylor Hoff, together with Kidder Mathews Executive Vice President Chris Corr, represented the ownership in securing the building’s full lease-up.
Des Moines Creek Business Park West is positioned near regional transportation infrastructure that supports distribution, logistics and manufacturing users. The site is adjacent to Interstate 5 and lies in close proximity to Seattle-Tacoma International Airport, the Port of Seattle and the Port of Tacoma, creating access to regional, national and international freight routes.
The building is one of the newest large-scale industrial offerings in the area and is designed with features intended to accommodate modern occupier requirements. It includes 40-foot clear heights that support high-cube racking and efficient warehouse layouts. The loading configuration provides 56 dock-high doors, offering multiple positions for inbound and outbound trailer activity, and parking is available for 68 trailer stalls to handle on-site trailer storage and staging.
The full lease-up of Des Moines Creek Business Park West marks a notable benchmark for the Des Moines Creek industrial corridor, which has seen ongoing tenant demand for contemporary logistics and manufacturing space. While terms of the leases and the identities of the tenants were not disclosed, the owners and their brokerage teams have now fully committed the building’s 405,680 square feet.
The transaction underscores continued interest from occupants in well-located industrial facilities with immediate access to major highways, seaports and an international airport. For Panattoni Development Company and Principal Financial Group, the completion of leasing at Des Moines Creek Business Park West further stabilizes a newly developed industrial asset within a key Pacific Northwest distribution hub.
