Port of Olympia Commissioner Approves Ground Lease for Panatonni Warehouse in Tumwater

The Port of Olympia Commission has approved a ground lease agreement with Panattoni Development Company, paving the way for the construction of the South Sound Commerce Center—a 477,000-square-foot warehouse facility in Tumwater, Washington .​The Olympian

Strategic Development at New Market Industrial Campus

The approved warehouse will be situated within the Port's New Market Industrial Campus, adjacent to the Olympia Regional Airport. This location offers strategic advantages for logistics and distribution operations, given its proximity to major transportation routes and regional markets.​The Olympian+10realestate.portolympia.com+10realestate.portolympia.com+10

Panattoni Development Company, a global leader in industrial real estate development, plans to commence construction promptly, with the facility expected to bolster the region's industrial infrastructure.​

Economic Implications for Tumwater and Thurston County

The development of the South Sound Commerce Center is anticipated to have significant economic benefits for Tumwater and the broader Thurston County area. The project is expected to create construction jobs in the short term and, upon completion, provide long-term employment opportunities in logistics, warehousing, and related sectors.​The Olympian

Moreover, the facility is poised to attract ancillary businesses and services, further stimulating local economic growth.​

Community Engagement and Environmental Considerations

Throughout the planning process, the Port of Olympia and Panattoni have engaged with community stakeholders to address environmental concerns and ensure that the development aligns with regional sustainability goals. Measures are being considered to mitigate potential impacts, including traffic management plans and environmental safeguards.​

Looking Ahead

The approval of the ground lease marks a significant milestone in the Port of Olympia's efforts to enhance regional economic development through strategic partnerships and infrastructure investments. As construction progresses, continued collaboration between the Port, Panattoni, and the community will be vital to the project's success and its positive impact on the region.​

For more detailed information on the project and its developments, please refer to the original article from The Olympian: The Olympian.

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