Industrial developer Panattoni Development has wrapped construction on the first of two speculative warehouses at Tall Firs Industrial Park in Tehaleh, the master-planned community near Bonney Lake that is rapidly filling in with more than just rooftops. The newly finished building comes in at about 130,151 square feet on an 11.5-acre site, with a second warehouse of 86,092 square feet still on the drawing board.
Panattoni bought the two parcels at 14621 and 14719 170th Ave. E. from Brookfield, then brought in Synthesis as architect and Poe Construction as general contractor to get the park out of the ground. NAI Puget Sound Properties is handling leasing, and marketing materials show suites starting at roughly 7,400 square feet and scaling all the way up to full-building blocks, according to Panattoni.
As reported by CoStar on March 12, 2026, Panattoni is open to either leasing or selling the Tall Firs campus. The timing is bold. Unleased industrial inventory has been piling up in the south Puget Sound market, so this speculative project is arriving in a region where brokers and market trackers have already flagged rising availability.
What It Means For Tehaleh And Residents
Developers are pitching Tall Firs as more than just another set of loading docks. They say the industrial park will create local jobs and help shorten commutes for Tehaleh residents, a key selling point Brookfield and Panattoni leaned on when the project was first announced…