{"id":1004688077,"date":"2023-10-31T04:05:43","date_gmt":"2023-10-31T12:05:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004688077"},"modified":"2023-10-31T04:36:47","modified_gmt":"2023-10-31T12:36:47","slug":"crow-holdings-panattoni-secure-252m-for-seattle-area-mega-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crow-holdings-panattoni-secure-252m-for-seattle-area-mega-project\/","title":{"rendered":"Crow Holdings, Panattoni Secure $252M for Seattle-Area Megaproject"},"content":{"rendered":"
\"FRED310\"<\/a>

FRED310\u2019s first phase will total nearly 2.2 million square feet. Image courtesy of PCCP LLC.<\/em><\/p><\/div>\n

Crow Holdings Capital<\/strong> and Panattoni Development Co<\/strong>. have obtained $252.3 million in construction financing for the development of three industrial buildings totaling 2.2 million square feet in Fredrickson, Wash. PCCP LLC<\/strong> provided the financing, while\u00a0Eastdil Secured\u00a0<\/strong>worked on behalf of the joint venture to secure the funds.<\/p>\n

FRED310 is an industrial campus set to ultimately include five buildings totaling 3.6 million square feet. The master-planned project occupies 310 acres at the intersection of Canyon Road East and East 176th Street. The developers received the State Environmental Policy Act approval for the project<\/a> last year.<\/p>\n

Cushman & Wakefield<\/strong> is handling marketing and leasing efforts for FRED310.<\/p>\n

\n

READ ALSO: <\/strong>Industrial Sector Navigates Growth Challenges<\/a><\/p>\n

\n

The Class A development\u2019s first phase consists of two speculative buildings\u2014the 611,206-square-foot Building G and the 753,069-square-foot Building D\u2014along with the 782,875-square-foot, built-to-suit Building E. Features include 40-foot clear heights, ESFR sprinkler systems, 3,000 amps of electrical power and 130-foot trailer court depths, as well as ample trailer and vehicle parking.<\/p>\n

Leasing activity at the campus<\/h2>\n

Building E will be a build-to-suit for Harbor Freights Tools<\/strong>, which signed the lease this March. Another future tenant at the industrial park will be Floor & D\u00e9cor, which committed to the upcoming 1.1 million-square-foot Building C in August 2022 in one of the largest industrial leases in the Seattle area of that year, according to a Cushman & Wakefield report<\/a>.<\/p>\n

FRED310 will provide easy access to the area\u2019s major transportation arteries, including Interstate 5 and Washington State Route 512. The development site is 18 miles from Port of Tacoma, 35 miles from Seattle-Tacoma International Airport and within 49 miles of Port of Seattle. Additionally, FRED310 has the potential for rail service.<\/p>\n

In September, Panattoni and PGIM Real Estate broke ground on North Creek Commerce Center<\/a>, a 243,000-square-foot Class A industrial campus coming to Bothell, Wash. The three-building business park is scheduled for completion in July 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

PCCP LLC provided the construction financing.<\/p>\n","protected":false},"author":2991,"featured_media":1004688089,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21825,21748,21742,1610,15],"tags":[37358,34908,33101,33837,33053],"class_list":["post-1004688077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-finance","category-industrial","category-latest","category-seattle","category-west","tag-crow-holdings","tag-cushman-wakefeld","tag-eastdil-secured","tag-panattoni-development-company","tag-pccp-llc"],"acf":[],"yoast_head":"\nCrow Holdings, Panattoni Secure $252M for Seattle-Area Megaproject - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"PCCP, LLC originated $252.3 million for the development of FRED310's first phase, totaling 2.2 million square feet in Fredrickson, Wash.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-panattoni-secure-252m-for-seattle-area-mega-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crow Holdings, Panattoni Secure $252M for Seattle-Area Megaproject\" \/>\n<meta property=\"og:description\" content=\"PCCP, LLC originated $252.3 million for the development of FRED310's first phase, totaling 2.2 million square feet in Fredrickson, Wash.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-panattoni-secure-252m-for-seattle-area-mega-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-31T12:05:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-31T12:36:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/FRED310-e1698748099834.png\" \/>\n\t<meta property=\"og:image:width\" content=\"767\" \/>\n\t<meta property=\"og:image:height\" content=\"575\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-panattoni-secure-252m-for-seattle-area-mega-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-panattoni-secure-252m-for-seattle-area-mega-project\/\",\"name\":\"Crow Holdings, Panattoni Secure $252M for Seattle-Area Megaproject - 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