Boeing Realty Leases 105,000 SF to Giddens Industries Inc.

EVERETT, WA-Long-time Boeing supplier Giddens Industries has leased 105,000 sf in Everett from Boeing Realty Corp. in a move that allows the 30-year-old manufacturer of large sheet metal parts to consolidate its three current operating facilities into a single site and remain headquartered in Everett.

The space leased, which includes some office space, is located within the 458,000-sf BOMARC 45-70 building located at 9205 28th Ave. W. The term and lease rate on the transaction is not being released by the parties involved, but the advertised rate for the space is $0.27- to $0.35 per sf per month, triple net, or between $3.24 and $4.20 per sf per year, and a recent lease deal for a Boeing building in nearby Mukilteo, WA was done at $3.50 per sf per year.

Boeing Realty directs all real estate strategies, acquisitions and dispositions, development and leasing worldwide for The Boeing Company. Boeing Realty VP Colette Temmink says Giddens is the first tenant in the building, which Boeing previously used to assemble and distribute interior panels and storage bins and other parts used on the interior of Boeing’s commercial airplanes.