A rendering of the planned warehouse to be built by Duke Realty in the 7400 block of South 202nd Street in Kent. COURTESY GRAPHIC, Duke Realty

A rendering of the planned warehouse to be built by Duke Realty in the 7400 block of South 202nd Street in Kent. COURTESY GRAPHIC, Duke Realty

Duke Realty plans 268,000-square-foot warehouse in Kent

Purchased property in the 7400 block of South 202nd Street for $23.5 million

Indiana-based Duke Realty plans to construct a single-story, 268,499-square-foot warehouse in the Kent Valley to provide lease space for light manufacturing and warehouse users.

Duke Realty, which started in Indianapolis in 1972, filed permits in December with the city of Kent to build the warehouse in the 7400 block of South 202nd Street. The company bought the 12.2-acre site for $23.5 million in October, according to King County property sale records.

The site is currently in development plan approval with the city. Construction is expected to begin in mid-2021 and finish in the summer of 2022, according to Duke Realty.

“Duke Realty identified the Seattle market as a strategic growth market due to its proximity to ports, population growth and land constraints,” said Mark Crawford, vice president and head of acquisitions for Duke Realty, in a Feb. 4 news release. “In 2020, through the acquisition of existing buildings and land for future development, we have roughly doubled our exposure to this important logistics market.”

The company also acquired a 63,546-square-foot facility at 21214 66th Ave. S., in the heart of the Kent Valley submarket, for $13.4 million in September. The facility is currently leased to La-Z-Boy, a leading furniture and home goods retailer.

In addition to the Kent purchases, Duke Realty recently purchased The Cubes at DuPont, a three-building, 1.6 million-square-foot industrial park about 18 miles south of Tacoma. The modern, bulk distribution facilities are located along Interstate 5 adjacent to Duke Realty’s existing one million-square-foot distribution facility. The company paid $221 million last year for The Cubes, according to several media reports.

Once the planned development project in Kent is complete, Duke Realty’s Seattle portfolio will total approximately four million square feet.

“These acquisitions and further investments in redevelopment and modernization secure Duke Realty’s position as an industrial real estate leader committed to growing it’s footprint in the Seattle market, an area where sites for new development projects are scarce,” said Mark Hosfeld, vice president and market leader for Duke Realty’s Seattle operations. “Low vacancy rates and high demand continue to drive Duke Realty’s purchases and development plans. Today’s logistics tenants in Seattle want modern, convenient facilities close to ports, highways and consumers.”

The projects are strategically located in the Puget Sound submarkets of DuPont and Kent with convenient access to I-5, just miles from Sea-Tac Airport and the Ports of Seattle and Tacoma.

Duke Realty has approximately 159 million rentable square feet of warehouse and distribution facilities in 20 key U.S. logistics markets.

Bridge Development Partners warehouse plans

The plans for the large warehouse in Kent by Duke Realty follows an announcement in December by Chicago-based Bridge Development Partners to build two state-of-the-art industrial facilities totaling 309,028 square feet at the former REI headquarters, 6750 S. 228th St.

Bridge Development bought the 15.8 acres from REI for $24.6 million in December. Building demolition is expected to start this month. The new project is scheduled to be completed in the first quarter of 2022.

REI, which opened its headquarters in Kent in 1988, announced in 2020 that employees would transition to working from home or small remote campuses. The company, founded in 1938 in Seattle, had planned to move last year to a new site in Bellevue, but sold that property.


Talk to us

Please share your story tips by emailing editor@kentreporter.com.

To share your opinion for publication, submit a letter through our website https://www.kentreporter.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) Please keep letters to 300 words or less.

More in Business

t
Curry Pizza House opens first Washington location in Kent

Restaurant on the East Hill along 104th Avenue SE

A test rollout Feb. 21 of Kent-based Blue Origin’s New Glenn rocket at Cape Canaveral, Florida. COURTESY PHOTO, Blue Origin
Kent-based Blue Origin debuts New Glenn rocket in Florida

Successful rollout at Cape Canaveral launch pad

The Kaiser Permanente Kent Medical Center on the East Hill. COURTESY PHOTO, Kaiser Permanente
Still no timeline on new Kent Kaiser Permanente facility

Company bought the former Kmart property in 2020

t
Minimum wage initiative: Renton community members discuss misconceptions

Renton voters will decide Feb. 13 whether to implement one the highest minimum wages in the country

t
Page Turner Books finds new location in downtown Kent

Water damage from broken pipes causes store to find new spot at 215 First Ave. S.

t
Muckleshoot Tribe celebrates new Auburn hotel and expanded casino

The 18-story tower features 401 rooms; grand opening celebration Jan. 26-28

t
Lunar lander will burn up in space before reaching moon

Kent-based Blue Origin helped launch rocket and lander but mission to end early

t
Burst water pipes damage Page Turner Books in downtown Kent

Pipes freeze in vacant unit above store along West Meeker Street; store seeks donations

Courtesy Photo, Ball Corporation
Ball Corporation to close Kent aluminum can manufacturing facility

About 121 employees to lose jobs at Second Avenue North plant

t
Engines from Kent’s Blue Origin help launch Vulcan rocket to moon

Unmanned flight hopes to reach lunar surface around Feb. 23

t
Half Lion files Chapter 11 bankruptcy in attempt to reopen Kent restaurant

Brewing company leases space from city; plans to file reorganization plan by Feb. 7, 2024