NAIOP Washington State celebrates 50 years as a chapter this year. Founded in 1976 as the Puget Sound Chapter of the National Association of Industrial Parks, NAIOPWA has since evolved into an association that elevates all sectors of the commercial real estate development industry, from industrial and office properties to residential and retail projects and everything in between. In recognition of the past five decades of commercial real estate development, we are looking back at the iconic projects that have shaped skylines, defined cities, and powered economic growth throughout our region.

Panattoni’s Whirlpool Distribution Center Ignited Frederickson Industrial Frenzy

Today, the Frederickson area is practically synonymous with industrial development, with Amazon’s massive $219 million acquisition making headlines earlier this year. The confluence of available land, local labor, and convenient access to transit corridors and nearby ports makes Frederickson prime for warehousing and logistics operations. But this is a relatively recent evolution for the area, and it would not have been possible without Panattoni Development Company’s Seattle office planting a 900,000-square-foot flag in this South Sound industrial hub back in 2007.

That which doesn’t kill you, makes you stronger! Attendees at the December Breakfast meeting for NAIOP were treated to a vivid example of this at our Fifth Annual Defining Moments program.

Outgoing President John Teutsch began the meeting with a very nice rendition of Silver Bells. This was John’s last Breakfast meeting as President and we thank him for his great service and singing voice! John also thanked our sponsors, Venture General Contracting, GLY and The Broderick Group. We thank them for their continuing support.