17 Mar Deal Announcement: LSI Logistic Service Solutions Leases 170,592 SF at Puyallup West D.C.
Neil Walter Company is pleased to announce the recent leasing of Puyallup West Distribution Center. LSI Logistic Service Solutions will be relocating to the newly constructed 170,592 sf warehouse beginning July 1, 2017. The property was developed by Avenue 55 Development with construction wrapping up in 2016, and is now owned by Cabot Properties. Scott Price and Joel Jones of Neil Walter Company represented the Landlord in marketing the property for lease. Kermit Jorgensen and Fletcher Farrar of Neil Walter Company represented LSI and negotiated a nine-year lease on their behalf. Tenant improvements are underway to provide LSI with a single tenant, fully fenced and secured, state of the art distribution facility located just minutes from the Port of Tacoma.
LSI provides third party logistics, warehousing, and storage services to clients in the Pacific Northwest in addition to a range of value-add material handling services. Their new location was chosen, after an extensive market survey, to better serve their existing customer base and to take advantage of the increasing cargo volume moving through the Port of Tacoma. You can learn more about the company at their website.