Vector Development Co. plans to begin construction on MI-5 Business Park, industrial space at 4000 156th St. NE. The $32M facility will be leased to distribution and manufacturing tenants. It is being developed with Marysville Investment Partners LLC.
The two-building development is part of the Arlington Marysville Manufacturing Industrial Center.
“We are very excited to be a part of the AMMIC zone and hope prospective tenants can capitalize on these tax abatements and attract new jobs,” Vector Development President Tyler Litzenberger said in a statement. “MI-5 is also in a great location, strategically situated close to the highly desirable Everett industrial submarket, Boeing and many related aerospace businesses.”
The project is set to be complete by the first quarter of 2020.
Vector is currently developing the $10M Tacoma I-5 Distribution Center and recently completed an office building in Olympia for Washington Realtors.