Freeman Logistics

JLL Capital Markets, as exclusive advisor to Vector Development Company (the “Sponsor” or “Vector Development”), is pleased to present the opportunity to provide joint venture equity for the two-building industrial development, Freeman Logistics (the “Project”, or “Portfolio”). The Project will feature two Class-A industrial distribution facilities for a total of 503,969 square feet, comprised of Freeman Logistics North totaling 237,587 square feet, and Freeman Logistics South totaling 266,382 square feet. The Project will offer best-in-class features including 36’ clear heights, 66 dock-high doors, 7-grade level doors, 264 auto parking stalls, 66,660 square feet of yard space with capacity for up to 101 trailer stalls, and ample power capabilities.

Freeman Logistics is on the border of Fife in the Puyallup/Sumner submarket, halfway between Tacoma and Sumner. The submarket has proven impressive fundamentals; given it’s 4.5% 10-year average direct vacancy rate, positive net absorption in Q2 2025, and 10.5% 10-year average rent growth rate. Freeman Logistics poses a rare opportunity to develop two class A distribution facilities where no new competing supply is expected to deliver by the time of the Project’s completion. The submarket’s impressive rent growth, leasing activity, and historically low vacancy compared to the greater Southend Seattle Industrial submarket, position it as the ideal location for industrial development.

Located adjacent to Fife, the Project is less than 3 miles from I-5 and only 5 miles from the Port of Tacoma. Freeman Logistics boasts unparalleled access to the greater Seattle metro and the following key transportation nodes: Seattle International Airport; I-5; SR-167; and both the Port of Tacoma and Port of Seattle. With three intermodals within 13 miles of the Property, this location is highly served by rail and highway connectivity. The Project’s location is also surrounded by a highly skilled workforce with 56% of the population within a 10-mile radius employed in white-collar roles and 26% in blue-collar roles. Further, the SR-167 highway connection will increase the area’s accessibility as it is scheduled to complete in 2030.

The sponsor, Vector Development Company, is an accomplished and experienced developer with a track record of successful projects across the Puget Sound. Freeman Logistics presents the rare opportunity to develop two class A distribution centers in one of the strongest performing submarkets in the Puget Sound – the Project aligns with the growing demand for modern, Class A industrial space in Seattle driven by its critical location, highly skilled population, and access to major transportation nodes.