Panattoni pays $23M for liquor warehouse


The Department of Enterprise Services sold the Washington State Liquor Control Board's old distribution center to Panattoni Development Co. for $23.4 million. Panattoni plans to remodel and add space to the building at 4401 E. Marginal Way S. Craft Architects will design the expansion, and Sierra Construction is the general contractor. Kidder Mathews marketed the property for sale. The price tag translates to roughly $104 per square foot for the 224,000-square-foot building, one of the highest prices for a distribution center [...]