Crow Holdings is planning to construct a 799,183 square foot industrial building at 600 E. Wintergreen Road in Lancaster. Dallas-based Azimuth Architecture has been hired to design the project which is expected to start in June 2023 and be completed by June 2024 with an estimated cost of $53 million. Funds for the construction are likely coming from Crow Holdings Industrial Properties Trust (CHIPT). The trust was formed last year with over $600 million of equity commitments that can provide for more than $1.5 billion of total project-level investment, bringing Crow Holding’s assets under management up to a staggering amount of over $29 billion (see picture).
This ambitious endeavor marks yet another milestone for Crow Holdings as they continue their pursuit towards developing and acquiring Class A industrial properties across key logistics markets throughout the United States.
