MARYSVILLE — Snack food giant Frito-Lay has leased more than 300,000 square feet of space at the Cascade Business Park, according to multiple reports.
Frito-Lay’s new lease is for 307,860 square feet at the Marysville business park to be exact, according to Colliers’ Q1 2024 Puget Sound Industrial Report.
That’s the equivalent of roughly five football fields.
Frito-Lay currently operates a distribution center on Merrill Creek Parkway in Everett. The snack maker is a division of PepsiCo, the New York state-based global food and beverage conglomerate with products including Pepsi, 7-Up and Mountain Dew. PepsiCo is valued at more than $230 billion.
Frito-Lay did not immediately respond to a request for information Thursday.
It is not known when the Marysville site will open or how many it will employ.
However, the snack food company has already begun posting online ads for warehouse and delivery workers at the Marysville location. The pay for warehouse worker ranges from $16 to $35 an hour, according to a CareerBuilder ad.
A Puget Sound Business Journal report identifies the Frito-Lay property as located within the 16000 block of 51st Ave NE.
Frito-Lay will be located next to Tesla, the electric car maker, which leased 245,000 square feet of space last year at 16015 51st Ave. So far, passersby report seeing Tesla vehicles parked outside the facility, but little other activity.
Tesla’s Certificate of Occupancy was issued in July 2023 for “warehouse, office and pallet racks,” Connie Mennie, spokesperson for the city of Marysville, said Thursday.
Completed a year ago, the Tesla building was the first structure NorthPoint Development and its contractors built at the Cascade Business Park.
The 4-million-square-foot business park is located within the Cascade Industrial Center. The industrial center covers nearly 4,000 acres and overlaps the cities of Marysville and Arlington. Except for Arlington Municipal Airport, the majority of the Cascade Industrial Center is owned by private landowners.
NorthPoint, a private Kansas City-based company, purchased the property for the business park in 2021 for $26.7 million. Over the next 10 years, it plans to construct a total of nine buildings there.
Depending on the mix of occupants, city officials estimate the business park is expected to generate some 4,000 jobs.
Janice Podsada: 425-339-3097; jpodsada@heraldnet.com; Twitter: @JanicePods.
Talk to us
> Give us your news tips.
> Send us a letter to the editor.
> More Herald contact information.
