Trammell Crow, Diamond Realty to Develop 1.2M SF Distribution Center in Maryland
NORTH EAST, MD. — Trammell Crow Co. (TCC) has partnered with Diamond Realty Investments Inc. to develop Principio Commerce Center I, a 1.2 million-square-foot distribution center in North East. The property will be built on a 100-acre parcel within the 6 million-square-foot Principio Business Park. Home to existing tenants such as Restoration Hardware and General Electric, the industrial park is located adjacent to Route 40 and less than five miles from I-95. Principio Commerce Center I will feature a cross-dock design with 190-foot truck courts, 283 trailer stalls, up to 216 dock doors, 36-foot clear heights and an ESFR sprinkler system. Dave Dannenfelser of JLL and Mike Zerbe of Colliers International are handling Principio Commerce Center I’s leasing. Conewago is the project’s general contractor, and KSS Architects provided design services. PCCP provided a construction loan to TCC and Diamond Realty, which plan to deliver the asset in spring 2017.