{"id":1004534711,"date":"2021-05-13T05:47:00","date_gmt":"2021-05-13T13:47:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004534711"},"modified":"2022-12-08T21:30:40","modified_gmt":"2022-12-09T05:30:40","slug":"pccp-jv-to-develop-warehouse-in-metro-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pccp-jv-to-develop-warehouse-in-metro-atlanta\/","title":{"rendered":"PCCP JV to Develop Warehouse in Metro Atlanta"},"content":{"rendered":"<p>A joint venture of<a href=\"https:\/\/www.commercialsearch.com\/news\/pccp-panattoni-buy-maryland-site-for-logistics-project\/\"> PCCP LLC and Panattoni Development Co. Inc.<\/a> will be developing a speculative 526,400-square-foot Class A industrial warehouse building on a 46-acre site in Cartersville, Ga., the two companies announced Wednesday.<\/p>\n<hr \/>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-demand-builds-inland\/\">Industrial Demand Builds Inland<\/a><\/p>\n<hr \/>\n<p>The project, Bartow Commerce Center Building III, is in Bartow Commerce Center, directly off I-75 in Bartow County, in the northwestern part of the Atlanta market.<\/p>\n<p>Building 3 will be a cross-docked distribution center featuring 36-foot clear heights, a 185-foot truck court, 177 trailer parking spaces, 329 car parking spaces, 128 dock doors, LED lighting and ESFR sprinklers. Delivery is expected in June 2022.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Bartow-Commerce-Center-3.jpg\" rel=\"noopener\"><img decoding=\"async\" data-attachment-id=\"1004527967\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sunset-3879444_960_720-300x200-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/sunset-3879444_960_720-300x200-1.jpg\" data-orig-size=\"300,200\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"sunset-3879444_960_720-300&#215;200-1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/sunset-3879444_960_720-300x200-1.jpg?w=300\" class=\"wp-image-1004527967\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Bartow-Commerce-Center-3.jpg\" alt=\"Bartow Commerce Center\" \/><\/a><figcaption><\/figcaption><\/figure>\n<\/div>\n<p>Ryan Dodge, senior vice president with PCCP, said in a prepared statement that the venture believes this facility will attract large users looking for state-of-the-art features and convenient access to Interstate 75.<\/p>\n<p>Dayne Pryor, a partner at Panattoni Development, added that this is his company\u2019s seventh industrial project in Bartow County and its fourth there in partnership with PCCP.<\/p>\n<p>The general contractor is Alston, a spokesperson for the joint venture told <em>Commercial Property Executive<\/em>.<\/p>\n<p>Mike Chambers of NAI Atlanta will lead leasing efforts for the property.<\/p>\n<h2>A long-standing partnership<\/h2>\n<p>This new project is the third facility PCCP and Panattoni will develop within Bartow Commerce Center.<\/p>\n<p>In December 2019, the venture <a href=\"https:\/\/www.commercialsearch.com\/news\/transwestern-to-build-953-ksf-atlanta-industrial-park\/\">acquired a 104-acre site<\/a> for the development of two Class A industrial facilities. The partners secured Wellmade Flooring as a full-building user during construction of Busch Drive Building 1 (328,000 square feet), which is now completed and occupied.<\/p>\n<p>Busch Drive Building 2 (396,000 square feet) is currently under construction and anticipated to be completed in July. It\u2019s currently 75 percent leased to a top U.S. conglomerate.<\/p>\n<p>Roughly two months ago, PCCP and Panattoni acquired a 90-acre site just off I-81 in Hagerstown, Md., for the development of a 730,880-square-foot speculative industrial facility, called Creekside Logistics Center. The project is slated for delivery in December.<\/p>\n<h2>Steady and strong<\/h2>\n<p>Metro Atlanta\u2019s industrial market remained active through 2020 and the pandemic\u2014and is still going strong, according to a first-quarter report from JLL. Vacancies have fallen, with large blocks of space in particularly high demand, and even with 24.1 million square feet underway, supply pressures are expected to continue.<\/p>\n<p>In the northwestern submarket, warehouse\/distribution space has a total vacancy of 5.6 percent (versus total availability of 17.6 percent) on an inventory of 44.8 million square feet, also according to JLL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has partnered with Panattoni Development Co. to build the speculative industrial facility in Cartersville, Ga.<\/p>\n","protected":false},"author":882,"featured_media":1004534714,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21748,21742],"tags":[32796,33837,33053],"class_list":["post-1004534711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-industrial","category-latest","tag-jll","tag-panattoni-development-company","tag-pccp-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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