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Boeing, a global leader in the aerospace industry, has recently submitted tenant improvement building permit applications for approximately 845,000 square feet of space at the Frederickson ONE industrial complex. This move signals Boeing’s plans to expand in the Frederickson area despite divesting a significant portion of its property. According to reports from Puget Sound Business Journal , this development is expected to bring positive economic growth and job opportunities.

In 2021, Panattoni Development acquired 310 acres of land from Boeing and has since started developing FRED310 with partner Crow Holdings. The project received $252.3 million in funding from PCCP LLC and is owned by Chicago-based Logistics Property Company . Nelson Worldwide serves as the architect for building improvements.

The development is nearly fully leased with Amazon occupying one of the buildings. This marks Boeing’s second large lease in Puget Sound after securing space at Kent’s Logisticenter at Pacific Gateway . These strategic moves demonstrate Boeing’s commitment to expanding its presence in Washington state.

The article “Boeing Leases Two Buildings at WA Industrial Complex” was originally published on Connect CRE , showcasing our expertise as leaders within commercial real estate news and analysis without mentioning specific brands or locations such as “Connect,” “Connect LA,” or “Connect Texas.”