PCCP, LLC
PCCP Provides Senior Loan to Finance the Acquisition of Three Bank-Owned Class A Office...
SAN FRANCISCO, CA - July 19, 2011 - (RealEstateRama) -- PCCP, LLC provided a senior participating loan to Basin Street Properties to finance the REO acquisition of Sequoia Center, a three-building Class A office property totaling 210,000 square feet. The buildings are located within the desirable Redwood Business Park, a 1.1 million square-foot master-planned business park in Petaluma, Calif. Sequoia Center was vacant at the close of escrow, however a 96,000-square-foot lease has been signed with Enphase Energy which will bring the occupancy up to 46 percent by the end of 2011. The property includes a three-story building built in 1998 located at 1400 North McDowell Blvd., a three-story building built in 2000 located at 1420 North McDowell Blvd., and a four-story building built in 1999 located at 5341 Old Redwood Hwy.
PCCP Partners with Signature Development Group to Acquire Tralee Village in Dublin, Calif.
SAN FRANCISCO, CA - May 19, 2011 - (RealEstateRama) -- PCCP, LLC has announced that it has partnered with Signature Development Group to acquire Tralee Village, a nearly complete Class A apartment project in Dublin, California. Once complete the high-end, condominium quality apartment community located in the Bay Area will include 130 units. Over the coming months, Signature Development Group out of Oakland, California, will manage various aspects of project completion. PCCP will then transition the property to full-time third party property management in the fall of 2011. Pre-leasing is expected to begin in July with first occupancy for the completed units occurring in August.
PCCP and SRM Associates Form Joint Venture for the Development of a 160,000 SF...
SAN FRANCISCO, CA - May 3, 2011 - (RealEstateRama) -- PCCP, LLC, SRM Associates and Scott Newman, a private individual, have announced they have formed a joint venture to develop a four-building 160,000-square-foot build-to-suit office project in Alameda, Calif. for VF Outdoor, Inc., a subsidiary of VF Corporation. The project will serve as the global headquarters for VF Outdoor and its brands including The North Face®, JanSport® and lucy®. Ground breaking for the project occurred today and completion is anticipated in summer 2012. Phil Lombardo and John McManus of Cushman and Wakefield represented VF Outdoor.