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Panattoni Speculative Industrial Space

By: SIOR Report

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.  SIOR represents today's most knowledgeable, experienced, and successful commercial real estate brokerage specialists.