New Development in SeaTac
• Des Moines Creek-North ground lease
will help advance economic
development within the City of SeaTac
and for surrounding communities:
• The project will provide approximately
90+ prevailing wage construction jobs
during the build out of the property.
• At full occupancy, the development will
be home to approximately 400+ full-
time employees with an estimated
payroll of more than $28 million
annually.
New Jobs and Economic Impacts
1
Des Moines
Creek
Business
Park
SeaTac
airport
Item # 6aSupp
Meeting Date July 25, 2017
Competitive RFP Drives Good Partnership
• The Port ultimately reached out to 30+
qualified real estate developers with
records of accomplishment in industrial
and air cargo related development.
• Four developers submitted offers to the
RFP and included a Letter of Intent (“LOI”)
• The firm selected, Trammell Crow
Company (“TCC”), is one of the nation’s
leading developers and investors in
commercial real estate.
– TCC has developed or acquired more than
2,600 buildings valued at more than $60
billion and over 565 million square feet.
Trammell Crow Will Attract Industrial and Aviation Related Tenants
2
Trammell Crow Will Attract Industrial and Aviation Related Tenants
2
Trammell Crow Company was recently named as the #1 Development Company in the US for 2016
3
• The proposed development by
Trammell Crow Northwest
Development will create more
than 356k square feet of high
quality, light industrial space with
supporting warehouse functions
within two industrial buildings.
• Tenants may include food
processors, manufacturers, and
logistics providers that support
the aviation and air cargo
industries.
