PCCP Provides $85M Acquisition Loan for Three-Building Industrial Park in Richmond, California

RICHMOND, CALIF. — PCCP has provided an $85 million loan to an affiliate of WPT Capital Advisors for the acquisition of a three-building industrial park at 6000, 6015 and 6025 Giant Road in Richmond.

Built in 2015 and 2016, the 517,894-square-foot asset is 57 percent leased to two tenants. The Class A logistics asset features 30- to 32-foot clear heights, LED lighting and ESFR sprinklers. The property is located within Pinole Point Business Park, a 100-acre master-planned industrial park offering 2.2 million square feet of Class A space.