JV to Develop 731K-SF Industrial Project in Hagerstown
A joint venture of PCCP LLC and Panattoni Development Co., Inc. has acquired a 90-acre site with plans to develop the Creekside Logistics Center, a 730,880-square-foot speculative industrial facility in Hagerstown, MD.
Located directly south of the Pennsylvania/Maryland border at 16422 National Pike, the project sits just off I-81 in an area in high demand from big box distribution tenants. The facility will feature 40-foot clear heights and is slated for completion in December 2021.
“This project presents a prime opportunity to purchase a shovel ready site in an area experiencing significant demand and minimal competing supply,” said Ryan Dodge, senior vice president at PCCP. “We are pleased to kick off our twelfth joint-venture with Panattoni and expand the relationship with the newly formed Northeast development team.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.