Panattoni Development is planning two new logistics centers in Pacific, just west of Highway 167.
Last week, Pierce County recorded the $4.4 million sale for what will be Pacific Logistics South, at 942-1045 Valentine Ave S.E.
The buyer was Pacific Logistics Industrial South LLC, which is associated with Panattoni. The seller was R3 Investments LLC, which acquired the almost 6.7-acre undeveloped site in 2017 for about $2.8 million. Brokers were not announced.
Pacific Logistics South will have a 128,300-square-foot office/warehouse building. In March, the city of Pacific issued a mitigated determination of non-significance for the project.
The DJC was unable to reach Panattoni about start and finish dates and leasing. The Andover Co.’s Jeff Crane and Brian Bruininks list the space in a recent brochure.
Panattoni is also planning the separate Pacific Logistics North, at 756 Valentine. That 163,091-square-foot building is listed by Kidder Mathews‘ Thad Mallory, Todd Clarke and Cam Warren. A flyer says it should be completed next year.
No recent sales have been recorded for the underlying seven acres, which are on the north side of Roy Road Southeast.
According to city records, Barghausen Consulting Engineers is working on both projects, and Synthesis is the architect for both.
Both are just west of Highway 167, north of Sumner and near Lake Tapps.
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