Davis leases 2 new logistics projects

August 31, 2023

Davis leases 2 new logistics projects

At two separate logistics developments, Davis Property & Investment recently announced a pair of significant new leases. First, Infinity Global Distribution has signed for all 248,033 square feet, plus some minor office space, at the recently completed Tacoma Central Logistics building. The tenant expects to move in next month. That speculative project replaced the Tacoma News Tribune’s former printing plant and offices, which Davis acquired two years ago for over $15 million. Neil Walter Co. brokered both sides of the deal, with the individual brokers being Bruce Valentine, Cameron Valentine, Joel Jones, Eric Cederstrand and John DeHan. Second, farther east in Pacific, the also speculative Pacific 167 Logistics has been claimed in its entirety by Toysmith, a toy and gift company. That project has 159,055 square feet, plus some offices, and is due for completion in December. The tenant’s brokers were Scott Alan and Patrick Mullin at Cushman & Wakefield. Representing Davis were JLL’s Chris Spofford and David Cahill.