Des Moines Creek West Development Partnership: Ground Lease Presentation

The Port of Seattle Commission considered authorizing a ground lease with developer Panattoni to build approximately 399,337 square feet of Class A logistics and distribution facilities on a 19.8-acre site near Seattle-Tacoma International Airport. The development, discussed at the July 12, 2022 Commission meeting, is intended to support SEA airport's aviation and logistics operations and is described as environmentally sustainable. The site is zoned Business Park and is located adjacent to the Des Moines Creek Business Park area south of the airport.

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Port Of Seattle Commission presentation (Item 10b, July 12, 2022) requesting authorization for the Executive Director to execute a ground lease with PDC Seattle LPIV BB/TH, LLC (Panattoni) for development of approximately 399,337 square feet of Class A logistics and distribution facilities at Des Moines Creek West. The 19.8-acre site is zoned B-P (Business Park), located adjacent to Sea-Tac Airport and Des Moines Creek Business Park near S 216th St and 24th Ave S, to support SEA airport Aviation and Logistics operations. Facility is described as environmentally sustainable, state-of-the-art.

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