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SAN FRANCISCO — PCCP has provided a $48.5 million construction loan for the development of Bay Area Logistics Center, a 707,600-square-foot distribution facility in the East Bay submarket of Richmond. The park will be situated within the master-planned Pinole Point Industrial Park. Other notable tenants at the park include Amazon, Whole Foods, Williams and Sonoma and UPS.
Bay Area Logistics Center is about 16 miles from the Port of Oakland and 27 miles from Oakland Airport. It will sit adjacent to a UPS hub. The facility is scheduled for completion in September 2017.
The borrower was LDK Ventures.