Published August 2003

Giddens Industries to lease space at Bomarc

By Bryan Corliss
Herald Business Writer

A company that supplies aircraft parts to the Boeing Co. is moving into a Boeing-owned building near Paine Field.

Giddens Industries has agreed to lease about a quarter of the large manufacturing building at Bomarc Business Park at 9205 Airport Road, Boeing spokesman Dean Tougas said.

Giddens will occupy about 105,000 square feet of what Boeing calls its 45-70 Building, Tougas said. The 458,000-square-foot building is now vacant.

The deal was announced July 8. Terms of the lease, which was signed the week before, were not reported.

Everett-based Giddens provides machined and sheet-metal parts for Boeing, and has been a supplier since 1974, Tougas said.

The move will allow the company, which now is spread around three buildings on 80th Street SW, to consolidate under one roof, said Paul Cavanaugh, Giddens president.

Giddens will occupy less space in the Bomarc building, but being in one building will lead to a more efficient layout, Cavanaugh said.

“We’ll actually end up with 20 percent expansion space for future growth,” he said.

Giddens looked at several options, including new construction, before deciding on the Bomarc lease. Location was a factor, Cavanaugh said. “We like being down the street” from Boeing.

The company plans to buy about $5 million worth of new tools and equipment for the new building over the next two years, Cavanaugh said. “We’re pretty optimistic about our future.”

The company’s 125 employees will move into the new building in October, he said.

The Bomarc facility was built in 1993. Boeing used the building primarily as an assembly center for airplane interiors and for storage and distribution, Tougas said.

The deal does not involve two adjacent office buildings at Bomarc.

Boeing in 2000 offered to sell the office buildings to Snohomish County as a county government complex. As recently as last year, the company had plans to vacate the buildings, which total 360,000 square feet, and put them up for sale or lease.

However, they now are occupied by the 7E7 Dreamliner design team. Tougas said the company hasn’t made a long-term decision on what to do with the space; however, it is actively seeking tenants for the rest of the manufacturing area.

The deal with Giddens is the second lease for a former Boeing manufacturing building in Snohomish County announced within the past two months.

In June, Travis Industries of Kirkland, a builder of fireplaces and hearths, said it had signed a 12-year, $19.2 million lease with Boeing Realty Corp. on one of two former Boeing buildings at Harbour Pointe.

Back to the top/August 2003 Main Menu