Panattoni Pulls over $174M Out of Fred310, with Bridge Buying Big Building

Panattoni pulls over $174M out of Fred310, with Bridge buying big building

Bridge Logistics now owns a large piece of the sprawling Fred310 industrial campus near Frederickson.

BLP Buys 782,775 SF Distribution Facility in Frederickson, Washington

FREDERICKSON, WASH. — Bridge Logistics Properties (BLP) has purchased a 782,775-square-foot distribution facility in Frederickson, located within the Seattle-Tacoma metro area. Terms of the transaction were not released. The property was developed by Panattoni and delivered in 2024 as part of a larger industrial development known as Fred310. Jeff Chiate and Bryce Aberg of Cushman & Wakefield facilitated the transaction. Harbor Freight Tools full…

Bridge Logistics Properties Buys 783,000 SQFT Harbor Freight Distribution Center for $174.5MM in Frederickson

A $174.5 million sale of Harbor Freight’s Frederickson warehouse suggests Pierce County’s industrial market has thawed out after a year-long capital markets freeze. A massive Frederickson warehouse leased entirely to Harbor Freight Tools has changed hands for $174.5 million, the second nine-figure trade within the same industrial campus in a year and a fresh sign that Pierce County’s industrial investment market is thawing after capital markets …