redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading

Fife I-5 Commerce Center

State-of-the-art, Class A, 250,490-square-foot industrial building.

Key Information

Location

Fife, Washington

Product Type

250,490-square-foot Class A speculative industrial building

Timeline

Project Start: July 2016
Project Completion: February 2017

Overview


Trammell Crow Company and The Carlyle Group developed a 15-acre site in Fife, WA with a 250,490-square-foot state-of-the-art, Class A industrial building. The building is located in the Port of Tacoma industrial submarket, with close proximity to I-5, the Port of Tacoma and SeaTac Airport.  

Developed with the highest institutional standards, this rear-loaded building presents an easily accessible 132-to-139-foot truck court, 60-foot concrete apron, and 62 dock high doors with dock seals. Inside features 32-foot clear height, LED lighting, ESFR sprinklers and 6,000 amps of 480 v3 phase power. 50 x 50 column spacing allows for flexible layout for 2nd generation leasing.

Opportunity, Solutions & Outcomes


The investment thesis was to create a highly differentiated, 32-foot clear, modern facility, maximizing the building’s footprint on a desirable infill site in Fife. Also, our goal was also to complete the shell building by March of 2017 into favorable market conditions. Absorption in the market was accelerating and there was a window with a lack of new supply during 2017.

The building was 100 percent leased at shell completion. Shell completion was 30 days ahead of schedule and the final costs were below budget.  

Quick Facts

Architect

Craft Architects

Contractor

Pennon Construction

Partner

The Carlyle Group

Related Projects

Module-608x436

Project C

Subtitle
Key project objective and outcome.
Subtitle
Module-608x436

Project A

Subtitle
Key project objective and outcome.
Subtitle
Module-608x436

Project B

Subtitle
Key project objective and outcome.
Subtitle

Contacts

Mark Netherland
Mark Netherland
Principal
+1 (206) 708-6539
Tom Woodworth
Tom Woodworth
Principal
+1 (206) 402-4366

Download The Project Details

Explore Other Seattle Projects

Explore Other TCC Projects