PORTLAND, OR—A plan for a spec-developed 493,000-square foot logistics center here has been announced by PCCP, LLC and joint venture partner Specht Development, Inc.

The 28-acre site of the project is in the Airport Way submarket located north of the city along the Columbia River.

Interstate Crossroads Distribution Center is planned as a crossdocked distribution facility will offer 32' clear height and sufficient bay depths to divide the building into multiple suites if necessary. The prime industrial submarket iof Airport Way offers benefits from easy access to the Port of Portland, Portland International Airport and Interstates 205 and 5.

“We see this project as a strategic investment for PCCP,” said Michael Hoyt, vice president with PCCP, LLC. “In addition to working with Specht, an experienced and proven developer and owner in the Portland area, the Airport Way submarket has a pent-up demand for large-block space that can accommodate users requiring more than 100,000 square feet. This institutional-quality project will meet a need for corporate users in a region that is growing at a rate well above the national average.”

The JV plans to break ground on the project in June with completion anticipated for the summer of 2015.

”We are pleased to partner with PCCP, LLC on this project,” said Todd Sheaffer, president of Specht Development, Inc.  “We intend to create a best-in-class facility that will provide tenants with high efficiency distribution space.”

Specht Development, Inc. (SDI) is a commercial real estate development company that was founded by Greg Specht in 1992.  Based in Beaverton, OR, SDI serves as the development services arm for all related Specht entities.