Boeing Signs Massive Lease Near Seattle as Aircraft Giant Ramps Up Production
August 29, 2024
Boeing has signed one of the biggest industrial leases of the past two years in the Seattle area, taking more than 1 million square feet at a just-completed building near the Port of Tacoma.
The aircraft giant signed a deal for a 1.03 million-square-foot warehouse built by Bridge Industrial at the Chicago-based developer's Bridge Point i5 business park in Milton, 28 miles south of Seattle and six miles east of the busy Port of Tacoma, according to people familiar with the transaction.
The deal is one of the top industrial leases in the United States ranked by square footage this year and is the largest deal in the greater Seattle area since 2022, CoStar data shows.
The move comes as Boeing, greater Seattle's biggest occupier of manufacturing and warehouse space — and still one of Washington's largest employers, more than two decades after moving its headquarters from Seattle to Chicago — has continued to be one of the Puget Sound region's most active industrial tenants.
