FRED310: How a $252 Million Bet Near Tacoma Became One of the PNW’s Biggest Industrial Wins
The massive Frederickson development is fully operational and redefining the region’s logistics landscape
When developers broke ground on a sprawling 310-acre industrial campus near Tacoma, some questioned whether the Pacific Northwest could absorb that much warehouse and distribution space. The answer is now clear: it could, and then some.
FRED310 was developed through a joint venture between Panattoni Development Co. and Crow Holdings Capital, funded by a $252.3 million construction loan, and was designed to meet the needs of modern industrial users. In September 2024, Sierra Construction completed the first phase, which includes four buildings totaling 3.3 million square feet. Commercial Search
The location was no accident. Strategically positioned near the Port of Tacoma, major rail lines, and key highways, FRED310 is now a central hub for distribution and logistics in the Pacific Northwest. Commercial Search The campus has attracted a roster of major tenants that reads like a Fortune 500 directory, cementing Frederickson’s status as one of the region’s premier industrial submarkets.
For the construction industry, FRED310 is a testament to the continued strength of industrial development in the PNW even as the office and residential sectors navigate headwinds. As e-commerce and supply chain resilience remain top priorities for large corporations, demand for well-located, modern industrial space in the Pacific Northwest shows no signs of slowing.
— NW Construction News Staff
