PCCP, LLC has provided $252.3 million of construction financing to a joint venture between Panattoni Development Company, Inc. and a real estate fund advised by Crow Holdings Capital for the development of three industrial buildings totaling approximately 2.15 million square feet. Eastdil Secured arranged the $252.3 million construction financing on behalf of Panattoni and Crow Holdings.

The state-of-the-art, cross-dock distribution buildings are part of the first phase of FRED310, a planned 310-acre, five-building industrial park totaling 3.7 million square feet located in Fredrickson, Washington.

The project includes two speculative warehouses and a build-to-suit 782,875-square-foot building for Harbor Freight, a national tool and equipment retailer. The three warehouses and distribution buildings are anticipated to be delivered in the summer of 2024. Cushman & Wakefield is handling marketing and leasing efforts for FRED310.