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Panattoni Speculative Industrial Space

Behind the Deal
By: SIOR Report
Categories:

Spokane, Washington

Slackman1

 

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

 

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The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS®  is the leading global professional office and industrial real estate association. With more than 3,400 members in 686 cities and 38 countries, SIOR represents today's most knowledgeable, experienced, and successful commercial real estate brokerage specialists.