ST. LOUIS—As reported in GlobeSt.com, the industrial sector is in the midst of a sustained expansion that has surprised some observers. And good news is coming out of secondary markets as well as the top core regions. PCCP is one of many developers that has found a steady demand for its products.
The San Francisco-based firm has just formed a joint venture with TriStar Properties for the development of another class A logistics facility at the Gateway Commerce Center in Edwardsville, IL, a St. Louis suburb in the Metro East area. Situated on 54 acres, this speculative project, the partners' fifth at this location, will have 593,940 square feet of space and 36' clear ceiling heights.
“We've built four distribution buildings here so far, and have essentially fully leased up one per year since 2014,” Dorian Farhang, vice president with PCCP, tells GlobeSt.com, and that has inspired a great deal of confidence in Gateway's future.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
