VALLEY VIEW, PA – Irvine, CA-based Panattoni Development Co. has acquired a proposed two building logistics park in Valley View, PA from Tremont FT LLC, an affiliate of Viridian Partners, for $25.8 million.
The acquired Rausch Creek Logistics Center totals 2,387,295 square feet of industrial space.
Building 1 of the logistics park will total 1,346,755 square feet and is expected to deliver in Q3 2022. Building 2 will comprise 1,040,540 square feet of space and will be pad ready to begin speculative construction in early 2022.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
