Search
 

Zumiez Takes 87,000 SF at Merrill Creek Center

EVERETT, WA-In need of a larger headquarters-distribution center here, the retail chain leases about half of the 179,000-sf former Solectron manufacturing plant that Washington Real Estate Holdings acquired in January for $36 per sf.

By Brian K. Miller | Updated on August 25, 2004

EVERETT, WA-The retail chain Zumiez Inc. has leased 87,350 sf at Merrill Creek Center for its headquarters and distribution center. The commitment absorbs about half of the built space at Merrill Creek Center, a 33-acre former Solectron manufacturing plant at 6300 Merrill Creek Parkway that includes a 179,000-sf industrial building and a pre-loaded building pad that can accommodate another 60,000-sf building.Solectron sold the building in January to real estate investor Washington Real Estate Holdings for $6.4 million in cash, or about $0.36 per sf, and proceeded to convert it into a multi-tenant facility. Gregg Riva and Derek Heed of Colliers International have the leasing assignment.Currently housed at 1420-80th St. SW in Everett, Zumiez will move its operation to Merrill Creek Center in February 2005. The negotiated lease rate is not being revealed by the parties involved; the marketing rate for the space is $0.45 per sf per month for warehouse and $1.15 per sf per month for office build out, of which there already exists about 45,000 sf.Washington Holdings SVP Brent Lower says the facility has the infrastructure to accommodate office, manufacturing, lab, biotech, assembly and warehouse requirements. Approximately 90,000 sf remain available and can be demised as low as 18,000 sf. An additional built-to-suit 60,000 sf is slated for future development.Zumiez specializes in clothing, music and hard goods for skate, snow and surf. The chain opened its first store in Seattle in 1978 and now has 142 stores across the US. The company was represented in the Merrill Creek transaction by Matt Henn and Todd Battison, of GVA Kidder Mathews.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.