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PCCP-Capstone JV Developing 1M-SF Facility for Amazon in Salem, OR
PCCP, LLC formed a joint venture with Portland, OR-based Capstone Partners to develop Mill Creek Logistics Center, a 1,018,020-square-foot distribution facility in Salem, OR. The building at 4775 Depot Ct. is fully leased to Amazon, and is its second Oregon fulfillment center.
PCCP’s Erik Flynn says, “This is PCCP’s sixth development project with Capstone Partners, one of the Pacific Northwest’s most active and highly regarded developers. The facility will be an institutional-grade distribution center in a strong logistics location in the I-5 Corridor.”
The venture acquired the land within the Mill Creek Corporate Center, a 548-acre master-planned industrial park, in late August from the State of Oregon’s Department of Administrative Services. Development has already commenced on the 62-acre parcel, with completion anticipated in July 2018.
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