Press Release brought to you by PCCP, LLC
PCCP Provides $25.1MM Senior Loan to PDC Memphis Oaks 3 for the Recapitalization of Distribution Property in Memphis, TN
New York, NY, July 17, 2014 – PCCP, LLC announced today it has provided a $25.1 million senior
loan to PDC Memphis Oaks 3 Holdings, LLC, a Class A distribution property totaling 1,025,000
square feet in Memphis, TN managed and sponsored by affiliates of Panattoni Development
Company. The loan will recapitalize the existing financing, and will allow Panattoni to focus on
leasing efforts on existing and future vacant space.
07/17/2014 - 11:40