Panattoni Development Co. sold Burnt Creek Logistics Center to LaSalle Investment Management. The property is a brand-new class A distribution facility totaling 681,780 square feet in Vancouver, Wash.
JLL represented the seller, which developed the single-tenant distribution center in 2023, in the transaction.
Fully leased to Grocery Outlet, the facility features institutional-quality construction with 128 dock doors, 40-foot clear heights, 105 trailer stalls, ESFR sprinkler systems and 3,000 amps of power.
Located at 5920 NE 162nd Ave., Burnt Creek Logistics Center occupies a strategic position 3.5 miles from Interstate 205 and 10.8 miles from Portland International Airport. The property offers access to major transportation networks, including I-5 and I-84.
The facility represents Grocery Outlet's largest and newest distribution center, serving as the company's only distribution facility in the Pacific Northwest. The 681,780-square-foot lease, signed in
