Rivian Expands with New Seattle Service Center

Deal News | Jan 29, 2025 | Panattoni Development Co LLC

Electric vehicle manufacturer Rivian has solidified its presence in the Seattle area by leasing a new space for its planned service center in Bothell, Washington. This strategic move is part of Rivian's expansion efforts to provide improved service capabilities to its growing customer base. The leased space is part of the North Creek Commerce Center, a 240,601-square-foot industrial facility located on Bothell Everett Highway, currently being developed by Panattoni Development Co LLC. The deal underscores Rivian's commitment to establishing a robust infrastructure as it continues to grow its footprint across the United States.

Sectors

  • Electric Vehicles
  • Real Estate Development
  • Automotive Services

Geography

  • United States – The country where both Rivian and Panattoni Development Co LLC are based and where the new industrial park is being developed.
  • Seattle, Washington – The specific region where Rivian is expanding its service capabilities and leasing new space.

Industry

  • Electric Vehicles – The industry involved in the production and development of vehicles powered by electric motors. Rivian is an electric vehicle manufacturer.
  • Real Estate Development – The sector focused on developing land and constructing new properties. Panattoni Development Co LLC is developing the industrial park for Rivian.
  • Automotive Services – Encompasses companies providing services related to vehicles. Rivian's new service center is part of this industry.

Financials

    Participants

    NameRoleTypeDescription
    RivianLeaseeCompanyAn electric vehicle manufacturer expanding its presence with a new service center in Seattle.
    Panattoni Development Co LLCDeveloperCompanyA real estate development firm constructing the North Creek Commerce Center in Bothell, Washington.
    CBREMarket Report ProviderCompanyA commercial real estate services and investment firm providing market reports.