Panattoni Development Co. recently started the first phase of PowderMill Business Center on 36th Avenue, north of the Boeing Everett Plant. Sierra Construction Co. is building two Class A industrial buildings totaling 227,000 square feet in the initial phase and expects to finish next March. One building will be 102,500 square feet and the other 116,300 square feet. Both will be concrete tilt-ups with 30-foot clear heights. Matt Bohner of Jones Lang LaSalle said they are close to signing a [...]

Insurance giant MetLife said it and Panattoni Development Co. are investing nearly $63 million in three new industrial parks totaling more than 900,000 square feet. One is Des Moines Creek Business Park south of Sea-Tac Airport and the others are in Sumner. MetLife will be the majority owner and Panattoni will be managing minority partner, according to a news release from New York City-based MetLife. "These three industrial parks we are developing in the Seattle area demonstrate our commitment to [...]