Saturday, May 24, 2014

PCCP, LLC and Specht Development Form Joint Venture to Develop Interstate Crossroads Distribution Center, a 493,000-Square-Foot Industrial Project in Portland, OR

  
Michael Hoyt

San Francisco, CA – PCCP, LLC announced it has formed a joint venture with  Specht Development, Inc. to speculatively develop Interstate Crossroads Distribution Center, a Class A, 493,000-square-foot industrial building in the Airport Way submarket of Portland, OR.

 Situated on 28 acres of land, the speculative crossdocked distribution facility will offer 32’ clear height and sufficient bay depths to divide the building into multiple suites if necessary.

The property is within the Airport Way submarket which is located north of the city along the Columbia River. This prime industrial submarket benefits from easy access to the Port of Portland, Portland International Airport and Interstates 205 and 5.

 “We see this project as a strategic investment for PCCP,” said Michael Hoyt, vice president with PCCP, LLC.

 “In addition to working with Specht, an experienced and proven developer and owner in the Portland area, the Airport Way submarket has a pent-up demand for large‐block space that can accommodate users requiring more than 100,000 square feet.

”This institutional-quality project will meet a need for corporate users in a region that is growing at a rate well above the national average.”

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto
Spaulding Thompson & Associates

949.278.6224

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