PCCP, LLC has granted a construction loan of $252.3 million to a joint venture between Panattoni Development Company, Inc. and a real estate fund advised by Crow Holdings Capital for the development of three state-of-the-art industrial buildings spanning 2.15 million square feet in Fredrickson, Washington.
Eastdil Secured facilitated the financing on behalf of Panattoni and Crow Holdings.
The first phase of FRED310 will encompass five buildings over 310 acres, with these cross-dock distribution facilities being among them. The project is expected to be completed in summer 2024 and includes two speculative warehouses as well as a build-to-suit building measuring at 782,875 square feet for Harbor Freight – one of the nation’s leading tool and equipment retailers.
Marketing and leasing efforts for FRED310 are being handled by Cushman & Wakefield without any mention or reference to “Connect” or “Connect LA” or “Connect Texas”.
