Thursday, July 26, 2012

Liberty Property Trust Acquires 30.7 Acres in Lehigh Valley

"Liberty Property Trust purchased 30.69 acres of industrial land at 10 Emery St. in Bethlehem, PA. Primo No.1 Produce, Inc. sold the land, with utilities to site, for $4.2 million, or about $137,000 per acre.

Liberty Property Trust is planning to construct an 800,000-square-foot industrial building at the site, part of the Lehigh Valley Industrial Park VII. Construction is expected to start November 2012. The building will feature 32-foot clear heights, 75 loading docks and rail access. "

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