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PCCP, Panattoni Buy Maryland Site for Logistics Project


PCCP, Panattoni Buy Maryland Site for Logistics Project
Construction of the 731,000-square-foot facility is expected to wrap up by the end of the year.
Mar032021
Rendering courtesy of PCCP
A partnership of PCCP LLC and Panattoni Development Co. has purchased a 90-acre site for the upcoming speculative industrial development dubbed Creekside Logistics Center in Hagerstown, Md. The planned 730,880-square-foot Class A warehouse is expected to deliver in December 2021.
According to 
The Herald-Mail, Heritage Capital LLC was the owner of the land and sold the plot “construction-ready,” with the Washington County Planning Commission giving the green light for the warehouse proposal last September. Earlier, county officials approved the rezoning of 30 acres included in the project, from Business Local to Planned Industrial. ....

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Tales from the industrial boom | The Real Deal


Eastview Commerce Center in Miami, formerly a golf course
A former Miami golf course turned into an industrial park. A Hollywood warehouse chopped up into six smaller offerings. And a bidding war over industrial space in East Hialeah.
Commercial brokers recount these tales in South Florida, a market with high demand for warehouses but not enough industrial-zoned land for new development. Industrial experts must turn to creative problem-solving, as a reluctance to visit brick-and-mortar stores has led to a boom in online shopping and a burgeoning need to store appliances, food and other goods.
Miami-Dade County may only have about 500 acres of developable industrial land left, mostly controlled by institutional developers and real estate investment trusts. New, desirable, Class A warehouses take up about 10 acres each, said Jonathan Kingsley, an executive managing director at Colliers International’s local office. ....

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