JV to Develop 800K-SF Industrial Facility in Douglasville
A joint venture between PCCP LLC and Panattoni Development Co. have announced plans to develop Building 1 within Riverview Logistics Park, a speculative, 798,000-square-foot industrial warehouse facility on a 154-acre site in Douglasville, GA.
The cross-docked distribution center will be built to Class A specifications that include 40-foot clear heights, precast construction, a 185-foot truck court, full circulation, 180 trailer parking spaces, 420 car parking spaces, 146 dock doors, LED lighting and ESFR sprinklers. Construction has begun and the project is slated to deliver in early 2022.
“This infill facility is being built to cater to the current strong demand from large users in the market,” said Ryan Dodge, senior vice president at PCCP. “Atlanta has demonstrated tremendous fundamentals and we are excited to make another investment with the Panattoni team.”
Billy Snowden of Lee & Associates represented the joint venture in acquiring the site and will be leading the marketing efforts to lease the building.
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.
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