Newmark Arranges 266K-SF Industrial Lease Near Seattle

Newmark has arranged a full-building lease at Prologis Park SeaTac 3, a 265,922-square-foot industrial facility in Des Moines, Washington.

Newmark Executive Vice Chairman Thad Mallory, Vice Chairman Taylor Hoff and Managing Director Cam Warren represented property owner Prologis in the transaction.

“This submarket has led the way for regional leasing trends for over a decade, and has consistently drawn interest from household name companies desiring state-of-the-art functionality and rapid access to the entire region,” said Mallory. The full-building lease brings Prologis’s holdings within the Des Moines Creek industrial corridor to 100% occupancy.

“The leasing momentum at SeaTac 3 underscores businesses’ appetite for high-quality, well-positioned space in the market with the property now reaching 100% occupancy,” said Lucca Merlino, Director of Leasing at Prologis. Located at 21202 24th Avenue South, the property offers direct access to Interstate 5, State Route 99 and Interstate 405.

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