The Port of Seattle, the City of Burien, and Panattoni Development broke ground today on a 26.2 acre site which will house two Class “A” industrial warehouses, totaling 458,500 square feet. Both buildings are scheduled to be delivered in early 2018. The master planned area in the City of Burien is known as the Northeast Redevelopment Area (NERA), and will anchor 600 to 800 jobs in the next three years. The companies co-locating on site will be involved in storage, processing, airport services and logistics related to aviation, among others.
“The Port of Seattle is thrilled to work with the City of Burien and Panattoni Development to bring family wage jobs to southwest King County,” said Port of Seattle Commissioner John Creighton. “Redeveloping this property brings economic development and tax revenue to Burien, and advances the Port’s goal to increase air cargo business and jobs as part of our Century Agenda.”
“This project is a great public to private partnership revitalizing unused land with excellent cooperation among the Port of Seattle and City of Burien,” said Bart Brynestad, Partner with Panattoni’s Seattle office. “Panattoni and our partner MetLife are looking forward to working with the Port of Seattle and City of Burien on this exciting endeavor.”
“The redevelopment of NERA is an example of how successful public-private partnerships can bring more jobs to Burien,” said Burien Mayor Lucy Krakowiak. “This site, along with our new cold storage facility, is key to diversifying our business base and will be part of an important job center in our community.”
The Port’s agreement with Panattoni Development includes a 55-year initial term plus two 10- year extensions, for a 75 year total, with an initial annual rent of just over $1M, with a provision base rent increases every 5 years as well as Fair Market Valuations (FMV) every 10 years starting in 2021. In the ground lease, Panattoni has also agreed to provide prevailing wages and apprenticeship utilization during the construction.
The Seattle Gateway Center #1 site will preserve and restore 1.87 acres of degraded wetland and wetland buffer. These areas will be restored to improve ecological functions and values and will be protected with a conservation easement. Invasive shrubs such as Himalayan blackberry, Scotch broom, holly, and English ivy will be removed and native trees, shrubs, and groundcover will be installed to create a diverse vegetation community. Salvaged logs will also be placed in the buffer to enhance wildlife habitat.
In addition to the preservation and restoration of the wetlands, the project will also be retaining 8.4% of its existing significant trees. Our future plantings will include 281 deciduous trees and 196 Evergreen Trees. Native trees such as Serviceberry, Alaska Cedar, Western Red Cedar, Black Austrian Pine and ornamental trees such as Flowering Pear, Incense Cedar, Autumn Blaze Maple, and Zelkova will be incorporated into our design.
Both sites will pursue LEED v4 certification. Sustainable site measures will stress stormwater management through direct infiltration and regional water facility filtration; a cool roof and concrete truck apron to reduce heat build up, and exterior lighting selected to enhance safety while shielding the night sky from glare and uplighting. Outdoor water use will be minimized through drip irrigation systems and drought-tolerant plantings, while indoor water fixtures will be very low flow. High-efficiency exhaust fans and gas fired heaters along with LED lighting equipped with daylight and occupancy sensors will optimize core energy performance year after year. Building materials used will be low-emitting and free of lead, cadmium, and mercury. Construction waste diversion will be maximized throughout construction with on-site source separation of waste streams.
About the City of Burien
Since their incorporation in 1993, Burien has been busy defining and redesigning itself as a vibrant King County city. Their residents see Burien, a 100-year-old community with a rich heritage, as a friendly community with well-established neighborhoods and a small-town atmosphere. The Puget Sound Regional Council designated Burien as one of the 25 Regional Growth Centers that will experience focused urban growth in the decades ahead.
About the Panattoni Development Company
Founded in 1986 by Carl Panattoni, Panattoni Development Company, Inc. along with its European and Canadian affiliates is one of the largest privately held, full-service real estate development companies in the world. Panattoni operates from 24 offices in the United States, Canada and Europe. Since inception, Panattoni has developed more than 266 million square feet of space including more than 88 million square feet of build-to-suit projects.
