Press Release brought to you by PCCP, LLC

JOINT VENTURE BETWEEN PCCP AND PANATTONI DEVELOPMENT COMPANY ACQUIRES 21.7‐ACRE  SITE FOR DEVELOPMENT OF A WAREHOUSE DISTRIBUTION FACILITY IN SEATTLE‐TACOMA AREA 

05/26/2017

FOR IMMEDIATE RELEASE 
 
 
JOINT VENTURE BETWEEN PCCP AND PANATTONI DEVELOPMENT COMPANY ACQUIRES 21.7‐ACRE  SITE FOR DEVELOPMENT OF A WAREHOUSE DISTRIBUTION FACILITY IN SEATTLE‐TACOMA AREA

 San Francisco, Calif., May 26, 2017 – PCCP announced today it has closed on a 21.7‐acre site in  joint venture with Panattoni Development Company for the development of Tacoma Gateway, a  467,526‐square‐foot warehouse distribution facility in Lakewood, WA, a city within the Seattle‐Tacoma  industrial market.  The project is fully approved and construction has now commenced with  completion anticipated for February 2018.     “PCCP is pleased to continue building its relationship with Panattoni, one of the nation’s top  industrial developers,” said Dorian Farhang, vice president with PCCP. “We believe Tacoma Gateway  will attract strong interest from large tenants in the area seeking a well‐located, quality distribution  facility.”    Tacoma Gateway will be a 36’ clear height, cross‐docked warehouse, featuring excess trailer  parking and institutional quality finishes.  The project is located less than a mile off Interstate‐5, 35  miles south of Seattle’s CBD, and 12 miles south of the Port of Tacoma.  Tacoma Gateway resides  within the Fife, Tacoma, and Lakewood trade area which is an attractive industrial location for users  who desire proximity to the Port of Tacoma and serve the Seattle‐Tacoma‐Bellevue MSA.    “The Seattle Panattoni team is very excited to kick off our Tacoma Gateway project with PCCP  and we look forward to many more successful projects with this venture throughout the Pacific  Northwest,” said Travis Hale, Director of Development for Panattoni Development in Seattle. “This  project will be state of the art and meet the growing needs of this region as the Ports of Tacoma and  Seattle continue to grow and user requirements expand.”   
About PCCP, LLC:  PCCP, LLC is a premier real estate finance and investment management firm focused on  commercial real estate debt and equity investments.  PCCP has over $7 billion in assets under management on  behalf of institutional investors.  With offices in New York, San Francisco and Los Angeles, PCCP has a proven track  record for providing real estate owners and investors with a broad range of funding options to meet capital  requirements.  PCCP originates and services each of its investments, ensuring that clients benefit from added  value and outstanding investment returns.  Since its inception in 1998, PCCP has successfully raised, invested and  managed over $14 billion of institutional capital through a series of investment vehicles including private equity  funds, separate accounts and joint ventures.  PCCP continues to seek investment opportunities with proven  operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com. 
About Panattoni Development Company:  Panattoni Development Company, Inc. is a privately held, full‐service  development company founded in 1986. The firm has completed in excess of 200 million square feet of  commercial projects worldwide. Panattoni has developed industrial, office and flex facilities in 278 cities located 
 
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in 29 states and nine countries. The firm is headquartered in Newport Beach, California and maintains offices  throughout the United States, Canada and Europe. Learn more about Panattoni at www.panattoni.com.   
MEDIA CONTACT:   Jessica Spaulding Thompson / Darcie Giacchetto  Spaulding Thompson & Associates, Inc.  949‐233‐8575 / 949‐278‐6224 (cell)   jessica@spauldingthompson.com / darcie@spauldingthompson.com 

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