Overview

Features

Building Delivery 1Q 2018
Available 467,526 SF on 21.83 acres
Status Under construction
Permits SEPA Approved, Building Permits Approved / Under Construction
Proximity To Port of Tacoma - 12 miles
I-5 - 1/4 mile
Doors 128 DH/ 6 GL
Power 2,400 AMPS, Three Phase
Clear Height 36’
Truck Courts 130’
Bldg Dimensions 393 x 1120
Column Spacing 50’ x 50’ with 60’ Speed Bay
Parking 272 auto parking, 92 trailer parking stalls, 8 handicap stalls
Interchange www.wsdot.wa.gov

Site Plan


Tax Benefits

  • Foreign trade zone #86
  • EB5 target employment area
  • HUB zone
  • New market tax credit eligible
  • No city B&O tax

Developed By

Panattoni is one of the largest privately held, full-service real estate development companies in the world. The company operates from 24 offices in the United States, Canada and Europe. Since inception, Panattoni has developed more than 250 million square feet of space including more than 80 million SF of build-to-suit projects.

Transportation

I-5 - Mounts Road to Thorne Ln I/C - Corridor Improvements

Project Status

In July 2015, the Washington State Legislature included $495 Million for the I-5 Mounts Road to Thorne Lane Interchange - Corridor Improvements project, as part of the Connecting Washington transportation-revenue package. The project is in the environmental review stage.

Background Information

Originally built in the 1950s, Interstate 5 is a national highway of strategic importance. It moves goods and people between two borders and links major cities. It is a critical corridor for military use. Over the past several years, traffic has increased along the entire I-5 corridor, and nowhere has that increase been more noticeable than in south Pierce County through the Joint Base Lewis-McChord (JBLM) vicinity.

In 2013, a joint planning study looked at the best way to improve transportation through the JBLM vicinity. Several phases of this study took place throughout 2013 and 2014. The study looked at local road improvements, transit services, improvements to I-5 mainline and interchanges. The options advanced forward from the study are now undergoing environmental review. They are as follows:

  • Add one lane each direction from Steilacoom-DuPont Road to Thorne Lane.
  • Rebuild interchanges using roundabouts at Thorne Lane and Berkeley Street.
  • Build a new local connector road between Gravelly Lake Drive and Thorne Lane.
  • Build a bicycle/pedestrian path along the I-5 corridor.
  • Improvements between the Mounts Road and Steilacoom-DuPont Road interchanges are still in development.

In July 2015, the Washington State Legislature included $495 million to fund the I-5 Mounts Road to Thorne Lane Interchange - Corridor Improvements project, as part of the Connecting Washington transportation revenue package. The project is funded through a 10 year period, from 2015-2025.

Proposed Interchange Rebuild

Learn more at wsdot.wa.gov

The End Result

The proposed changes would reduce chronic traffic congestion through the JBLM corridor. New interchanges that incorporate roundabouts instead of signals would improve traffic flow and reduce the potential for collisions.

Currently the only access into the Tillicum community is via I-5. The proposed Gravelly-Thorne connector would give the neighborhoods of Tillicum and Woodbrook access to Lakewood without using I-5. The proposed shared use path for bicycles and pedestrians would give Woodbrook and Tillicum residents a multi-modal option to commute to work or school.

Interchange design detail Learn more at wsdot.wa.gov


Location

Drive Time Map

City of Lakewood

Incorporated in 1996, Lakewood is the second-largest city in Pierce County and the 18th-largest in the state of Washington. It is the host community to Joint Base Lewis-McChord, the largest joint base on the West Coast and one of the largest in the U.S. It is home to 60,000 residents (24,000 households) with a median age of 36.6 and average household income of $65,912

Lakewood is strategically located along the Interstate 5 corridor. It borders JBLM, Camp Murray (home to the Washington National Guard) and Tacoma, and is situated a short drive from Seattle and Olympia. Lakewood also is a hub for activity at the Ports of Tacoma, Olympia and Seattle.

Lakewood boasts 11 parks, consisting of more than 540 acres; five lakes offering water skiing, rowing, and fishing, four golf courses, including Oakbrook, Fort Steilacoom, Tacoma Country & Golf and American Lake Veterans.

Source: cityoflakewood.us

Why Lakewood?

Tax Benefits & Economic Development Incentives Summary

  • No Corporate Income Tax
  • No Personal Income Tax
  • No Inventory Tax
  • No Unitary Tax
  • No Local (City of Lakewood) Business and Occupation Tax
  • Sales and Use Tax Exemption on Machinery and Equipment
    Qualifying manufacturers, processors for hire and manufacturers who perform research and development are not required to pay the sales or use tax on machinery and equipment used directly in the manufacturing or research and development process. Charges for labor and services for installing machinery and equipment are also not subject to the sales or use tax. Major distribution centers, over 200,000 SF also qualify for sales and use exemptions on cost of construction.
  • Education & Training Grants
    Both Federal and State programs are available to help in recruitment and training of new workers. Pierce College has the capacity to create a customized training package to meet the needs of individual employers. Washington State through Workforce Central (Employment Office) can provide incentives for hiring certain categories of employees, customized training, and hiring assistance for all companies.
  • Infrastructure Improvements
    Washington State Legislature approved a $16 billion transportation package during the 2015 legislative session, which include a $494 million package to widen I-5, Lakewood to DuPont and to build a new Thorne Lane Interchange providing easy access and movement for trucks. Thorne Lane overpass replacement begins in 2017 with completion in 2019 (See Page 4, Timeline and Project Funding, Phase I).
  • Site not affected by Floodplain Concerns
  • WorkForce Central Business Services partners with Pierce County WorkForce Central Business Services partners with Pierce County employers to make attracting and growing a qualified workforce simple, efficient and within budget through assisting employers with hiring, recruitment and human resources services, while working with industries to ensure the workforce is trained in the skills employers need to expand their business and the economy. Doing business in Lakewood means you have access to a wide variety of programs to ensure success.
    www.workforce-central.org
  • Hours of Operation 24/7 operations are fully permitted.

Why Lakewood-Tacoma Logistics Center

  • 467,526 SF Ready to Build Today
    Project is under construction with no unknowns minimizing cost, time and risk. Delivery 2018
  • Strategic Location
    Lakewood is strategically located just 32 miles from Seattle-Tacoma International Airport, 25 miles from I-90 connecting the West Coast to Chicago, 13 miles from the Port of Tacoma, and 24 miles from the state capital in Olympia and Port of Olympia. This location is on the southern edge of the concentrated population base of Seattle/Bellevue/Everett/Tacoma. Distribution from this area will be desirable
  • Exceptional Cost Savings
    Lower taxes = significant savings • All approvals are in place = no delays, no additional legal or lobbying costs necessary • Lower traffic mitigation fees • No development impact fees.
  • Excellent Transportation Hub
    Easy access to I-5 North and South. I-5 being taken from 3 to 4 lanes over the next 3 years. Fully funded project (See Page 4).
  • Master Planned
    Zoned: (Industrial Business Park) • Foreign Free Trade Zone #86
  • Established Infrastructure
    • All utilities to site • Existing roadways* Approved permits: SEPA.

Why Lakewood

  • Superior Advantages
    No Corporate Income Tax • No Inventory Tax • No Unitary Tax • No local B&O tax or Development Impact fees • Sales tax exemption on new construction • EB5, HUB Zone, and New Market Tax Credits eligible
  • Business Friendly
    Accelerated permitting process • Approvals and Support firmly in place - no outstanding issues or hurdles that could impact project schedule and development • Extraordinary support by City of Lakewood, Pierce County, Port of Tacoma, Chamber of Commerce, Services Partners
  • Abundant Neighborhood Amenities
    Lakewood Towne Center Mall, Ft Steilacoom Park, Pierce College, Clover Park Technical College, Bates Technical College, St. Clare Hospital
  • Plentiful Labor Pool & Workforce Training
    Customized Worker Training Grants Available • Low labor cost
  • Great Corporate Neighbors
    Established Distribution Community including CHEP USA, IKEA, Watkins and Shepard, Dal-Tile, National Retail Solutions, McLane Northwest, Shelter Logic and Joint Base Lewis McChord.

Corridor Improvements

Following completion of the environmental studies and documentation, necessary new right of way and property rights will be purchased. Construction can proceed only after necessary right of way and permits have been acquired.

The project schedule, shown above, divides the project into two stages. Design and construction for the first stage (from 2017 to 2020), would rebuild the I-5 interchanges at Thorne Lane and Berkeley Street, and add a fourth lane on northbound and southbound I-5 between Thorne Lane and DuPont-Steilacoom Rd.

The second stage, from 2020 to 2023, would build improvements between DuPont-Steilacoom Rd. and Mounts Rd. Improvements to the DuPont-Steilacoom Road or Center Drive interchanges will be defined after compiling results from traffic modeling, environmental studies, and public input.