Press Release brought to you by PCCP, LLC

PCCP, LLC PROVIDES SENIOR LOAN FOR DEVELOPMENT OF A 1.1 MILLION-SQUARE-FOOT INDUSTRIAL FACILITY IN PERRYVILLE, MARYLAND

05/18/2016


FOR IMMEDIATE RELEASE
PCCP, LLC PROVIDES SENIOR LOAN FOR DEVELOPMENT OF A
1.1 MILLION‐SQUARE‐FOOT INDUSTRIAL FACILITY IN PERRYVILLE, MARYLAND
New York, NY, May 18, 2016 – PCCP, LLC announced today it has provided a senior loan to a joint 
venture between Trammell Crow Company and Diamond Realty Investments for the speculative 
development of a warehouse/distribution facility totaling approximately 1.1 million square feet. 
The 96‐acre site is within Principio Business Park, a 1,000‐acre industrial center which is located 
along I‐95 north of Baltimore in Perryville, Cecil County, MD.

“PCCP is pleased to provide a significant senior loan to this joint venture,” said Kevin Chin, 
senior vice president with PCCP. “Trammell Crow Company is one of the nation’s top developers and 
investors in commercial real estate and we feel strongly that this quality project will help meet 
the high demand in the market for functional, strategically located space for a large user.”

Chin noted that the local area has a current vacancy of just 4.6 percent for industrial space 
requirements over 400,000 square feet. Additionally, there has been approximately 5 million square 
feet of net absorption since 2010 with just 2.7 million square feet of new construction during that 
same time period.

The site is located at 600 Principio Parkway. Construction on the shovel‐ready, fully entitled site 
will commence immediately with project completion anticipated in spring 2017. The development’s 
plans include a cross‐docked bulk distribution facility with 36’ clear heights, 580’ building 
depth, 216 docks, 283 additional trailer parking spots, and 486 car parking spaces. In addition, 
the project will provide users great flexibility with 15‐plus acres of expansion space allowing the 
building to expand by more than 300,000 square feet or providing for an additional 350 trailer 
drops.

Principio Business Park is home to a high profile roster of retail brands including Restoration 
Hardware and General Electric. It is in the center of the I‐95 corridor, making it the ideal 
location for businesses serving the Mid‐Atlantic and Northeast distribution markets. Strategically 
located along Route 40, Principio Business Park tenants can reach 32 million people within a 
three‐hour drive, and two‐thirds of the US population within a day’s truck drive. The property also 
benefits from access to superior intermodal transportation infrastructure relative to other 
northeastern competitive markets, with Baltimore‐Washington International (BWI) and Philadelphia 
International Airports less than an hour’s drive. Additionally, access to the Port of Baltimore is 
within 45 minutes and nearby main lines for CSX and Norfolk Southern Railroads provide additional 
freight transportation linkages.


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 approximately $6.4 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 
approximately $12 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 Trammell Crow Company: Trammell Crow Company (TCC), founded in 1948, is one of the nation’s 
leading
developers and investors in commercial real estate. The Company has developed or acquired more than 
2,600 buildings valued at more than $60 billion and over 565 million square feet. As of March 31, 
2016, TCC had $7.1 billion of projects in process and $3.1 billion in its pipeline.

Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 
16 major cities throughout the United States. The company serves users of and investors in office, 
industrial, retail, healthcare, multi‐family residential, through its operating subsidiary High 
Street Residential and mixed use projects. For those who occupy real estate, TCC can execute the 
development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, 
the company specializes in joint venture speculative development, acquisition/re‐development 
ventures, build‐to‐suit development or providing incentive‐based fee development services.

TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 
500 company headquartered in Los Angeles, and the world’s largest commercial real estate services 
and investment firm (in terms of 2015 revenue). For more information visit www.TrammellCrow.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

 

Source

PCCP, LLC

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