Panattoni Speculative Industrial Space
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."
- Large acreage of land
- Well located near the interstate
- Appropriate zoning
- Two parcels of land, two different ownership groups
- Off-market transaction
- Long due-diligence process
- 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