PCCP Provides $252 Million for Panattoni JV’s Washington Megaproject

PCCP Provides $252 Million for Panattoni JV's Washington Megaproject

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.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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