By Margaret Sutherland
A partnership between Lancaster, Pennsylvania-based Benchmark Real Estate and Regal Ventures, a New York City-based real estate investment manager, acquired an 85,053-square-foot industrial building in Easton, Pennsylvania, that is fully occupied by Human Active Technology, a designer and manufacturer of ergonomic workspace products ranging from customizable workspace furniture and monitor arms to sit-stand workstations and point-of-sale systems.
The building traded for $7 million, or about $82 per square foot, according to Northampton County property records. The deed was recorded on June 8 under the entity RV Kuebler Road LLC. No brokers were reported to be involved in the transaction.
The buyers plan to expand the Lehigh Valley facility at 100 Kuebler Road by 70,000 square feet to accommodate Human Active Technology's plans to bring its distribution processes on-site. The addition would bring the building's total footprint to roughly 155,000 square feet.
The steel-framed building, constructed in 1972 and renovated in 1993, occupies a 12.4-acre parcel in Forks Industrial Park, a master-planned manufacturing and industrial development in Forks Township, located about 18 miles northeast of Allentown, about 75 miles northwest of Philadelphia, and about 75 miles west of Manhattan.
"By recognizing early that HAT's expanding operations had outgrown their existing footprint, we were able to work with HAT’s plans to present a solution to consolidate local, off-site operations and create meaningful value for both the tenant and the asset," said Mike Callahan, managing partner at Benchmark Real Estate, in a statement announcing the building purchase.
"The Lehigh Valley remains a compelling, small-bay industrial market in the Northeast. Demand stays robust, while vacancy in the 20,000-to-100,000-square-foot segment sits below four percent,” added David Lawrence, director of acquisitions at Regal Ventures. “100 Kuebler Road exemplifies the opportunity we target: a committed occupant, a well-located asset, and a clear path to value creation."
Regal Ventures was founded in 2019 by Alex Smith and Joey Cohen, who previously managed the Cohen family real estate portfolio. The firm focuses on necessity-anchored infill retail in dense urban submarkets and small-bay or flex-industrial assets in supply-constrained metropolitan areas. The Easton acquisition marks the partnership's second Pennsylvania industrial deal with Benchmark. In October 2024, the two firms jointly acquired Crownwood Industrial Estates, a three-building, 218,410-square-foot industrial complex with an adjoining development site at 805 North Wilson Avenue in Bristol, about 22 miles northeast of Philadelphia.
Benchmark Real Estate, established in 2018, maintains a mid-Atlantic investment portfolio spanning industrial, healthcare, senior living and multifamily assets. The firm is an affiliate of Benchmark Construction Company, a Lancaster-based general contractor founded in 1985 whose recent projects include a 50-acre mixed-use senior living development called Tapestrie in Manheim Township, Lancaster County, and the adaptive reuse of a historic Lancaster building into 22 residential loft units.
