Spokane, Washington
| TRANSACTION TYPE & DETAILSDate: 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.
