 |
| 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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