Construction of Marysville manufacturing building under way

May 20, 2019

A Kirkland developer has broken ground to build 247,000 square feet for industry or distribution.

MARYSVILLE — Vector Development, a Kirkland-based commercial real estate firm, has begun construction of a $32 million manufacturing facility at the Marysville I-5 Industrial Center.

When completed, the two-building development at 4000 156th St. NE will provide 247,000 square feet of space for manufacturing or distribution tenants.

“We are very excited to be a part of the Arlington-Marysville Manufacturing Industrial Center zone and hope prospective tenants can capitalize on these tax abatements and attract new jobs,” said Tyler Litzenberger, Vector’s president.

“MI-5 is also in a great location, strategically situated close to the highly desirable Everett industrial sub-market, Boeing and many related aerospace businesses,” Litzenberger said.

Vector is developing the facility in partnership with Marysville Investment Partners, a local real estate investment group. The project is expected to be completed in spring 2020.

JMR Construction has been selected as general contractor for the industrial center.

The Arlington-Marysville Manufacturing Industrial Center is more than 4,000 acres of land east of I-5. It’s split between the two cities and takes in the Arlington Municipal Airport.

Businesses that develop land in the designated manufacturing and industrial area can apply for property-tax breaks.

Vector also is developing the Tacoma I-5 Distribution Center, a $10 million industrial facility, and recently completed an office building in Olympia for Washington Realtors.

SOURCE: HeraldNet