PCCP, LLC has recently secured $252.3 million in construction financing for a joint venture between Panattoni Development Company, Inc. and a real estate fund advised by Crow Holdings Capital. This funding will support the development of three cutting-edge industrial buildings spanning over 2.15 million square feet.
The financing was arranged by Eastdil Secured on behalf of Panattoni and Crow Holdings, showcasing their expertise in securing large-scale investments for major projects.
These state-of-the-art cross-dock distribution buildings are part of the first phase of FRED310 – an expansive 310-acre industrial park located in Fredrickson, Washington. The project includes two speculative warehouses as well as a build-to-suit building spanning over 782,875 square feet for Harbor Freight – one of the nation’s leading tool and equipment retailers.
With an estimated completion date set for summer 2024, Cushman & Wakefield is responsible for marketing and leasing efforts at FRED310 – further solidifying its position as a premier destination within the region’s thriving industrial market.
