May 30, 2017 Comments Off on PCCP, Panattoni JV on Tacoma Gateway Views: 639 National News, Washington, West

PCCP, Panattoni JV on Tacoma Gateway

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Los Angeles-based PCCP acquired Tacoma Gateway, a 21.7-acre site in Lakewood, WA in joint venture with Newport Beach, CA-based Panattoni Development Co. for a reported $7.3 million. The 467,526-square-foot warehouse distribution facility is fully-approved, and development is underway with completion anticipated in February 2018.

PCCP’s Dorian Farhang says, “We believe Tacoma Gateway will attract strong interest from large tenants in the area seeking a well-located, quality distribution facility.”

Tacoma Gateway is a 36-foot clear height, cross-docked warehouse, featuring excess trailer parking and institutional quality finishes. The project is located less than a mile off Interstate-5, roughly 35 miles south of Seattle’s CBD, and 12 miles south of the Port of Tacoma.

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