New industrial development project totaling over 800,000sf adjacent to Grant County Industrial Airport

Cushman & Wakefield and Keller Williams leading marketing efforts for new project
MOSES LAKE, Wash. – December 7, 2022 – Third Security, LLC, an investment management firm based in Radford, Virginia, announced the launch of Moses Lake Commerce center, a brand new 42-acre industrial development adjacent to Grant County International Airport in Moses Lake, Washington. The project is commencing with the construction of a 108,000-square-foot temperature controlled, food-grade processing facility including warehouse and offices situated on 10 acres. The facility is expected to initially employ approximately 60 workers in various roles.

Moses Lake Commerce Center is the first industrial park in Grant County to offer companies seeking production, warehouse, processing, or other industrial facilities with a lease or purchase option, built to suit. Strategically located at the northeast corner of the intersection of Randolph Road NE and Road 7 NE, Moses Lake Commerce Center offers an additional 32 acres of industrial land that could support up to 692,000 square feet in five unique Class A buildings. Each building site can be adapted to a buyer or tenant’s specific needs. Additionally, the property is situated in a qualified opportunity zone census tract, which may provide federal income tax benefits to purchasers or tenants1.

Cushman & Wakefield’s Greg Millerd and Nic Alfieri in collaboration with Keller-Williams’ Russ Roberts are marketing the project.

Third Security, LLC, the lead investor in the project, manages a portfolio of operating biotechnology companies. Third Security works closely with its portfolio companies to help drive innovation, growth, and the use of biology to solve global challenges. “The process of identifying a suitable building site for our portfolio company’s expansion convinced us that Moses Lake is a strategic, vibrant community whose growth will be well served through the Moses Lake Commerce Center,” said Julian Kirk, Chief Executive Officer of Third Security.

Third Security has engaged Hansen-Rice, integrated design-build general contractor based in Nampa, Idaho with 39 years of experience in providing solutions that benefit its clients, to plan, design and construct the facility in Moses Lake Commerce Center. Hansen-Rice, Inc is participating as an investor and master planner for the Moses Lake Commerce Center. Burke Hansen, President of Hansen-Rice, Inc., said, “We’re excited to partner with Third Security in delivering this project to the market. We look forward to help bringing more food grade processing, cold storage, and industrial buildings to Moses Lake.”

1 Consult your tax advisor concerning any potential federal income tax benefits available in connection with an investment in a qualified opportunity zone.