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Truck Stop Sold; Destined for Retail Space

FEDERAL WAY, WA-Developer Opus Northwest of Bellevue, Wash., has secured an agreement to purchase the Evergreen Industrial Park in Federal Way, a 260,000-sf complex tailored to truckers featuring a refueling station, diner, truck repair shop and motel.

By Ingrid Ricks | Updated on November 13, 2000

FEDERAL WAY, WA-Opus Northwest, a Bellevue-based developer, has secured an agreement to purchase the Evergreen Industrial Park in Federal Way, a trucker’s oasis that has been operating since 1957. The developer, who has declined to disclose the purchase price for the 20-acre site, has already filed a preliminary site plan with the city that designates 259,700 sf for retail space anchored by a grocery store and various retail outlets.

The site is expected to be a prime retail location because it is located near the junction of Interstate 5 and Highway 18, across from a busy retail complex anchored by Costco. Opus officials say they have already fielded significant interest from potential tenants, expect to complete the project by the summer of 2002.

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