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Panattoni Speculative Industrial Space

Sep 20, 2022, 11:12 AM

Subtitle : Spokane, Washington

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SIOR members close big deals in a big way. Select transaction case studies are featured in the SIOR Report so readers can learn both about and from the expertise of our members.

Slackman2

TRANSACTION TYPE & DETAILS

Date: July 2021

Transaction Type: Lease

Property Type: Industrial

Size: 788,841 sq. ft.

Sale Price: $63,183,000 USD

"Holding the SIOR designation got my foot in the door."

Market Situation

Large acreage of land
Well located near the interstate
Appropriate zoning

Transaction Profile

Two parcels of land, two different ownership groups
Off-market transaction
Long due-diligence process

Solution

Holding the SIOR designation got my foot in the door to interview with the local Panattoni Senior Development Manager. I had previously assisted Panattoni in a 100-acre acquisition for the second Amazon facility here in Spokane, Wash. This May 2022 deal will be their first speculative industrial project in the area.

PARTICIPANTS & INFORMATION PROVIDED BY

Darren Slackman, SIOR

Categories :

Behind the Deal
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