The select top industrial lease signed during the second quarter of 2014 in the Philadelphia market was at 40 E. Main St. in the Harrisburg Area West Industrial submarket. Exeter Property Group represented the landlord in a 424,520-square-foot lease there.
KENCO leased 330,000 square feet at 6 Doughten Rd. in the Harrisburg Area West Industrial submarket.
Allen Distribution leased 180,333 square feet at 34 E. Main St. in the Harrisburg Area West Industrial submarket.
FedEx Ground renewed its 151,037-square-foot lease at 1360 Welsh Rd. in the East Montgomery County Industrial submarket.
In the first quarter, Coca-Cola Refreshments renewed its 197,500-square-foot lease at 7533 Industrial Park Way in the Lehigh Valley Industrial submarket.
This trend is compared to the U.S. National Industrial select largest lease signings occurring in Q2 2014, which include the 1.7 million-square-foot lease signed by Michelin at RidgePort Logistics Center in the Chicago market, RosKam Baking Co.'s lease of 885,781 square feet in the Western Michigan market, United Furniture Industries' 800,000-square-foot lease in the Greensboro / Winston-Salem market, CEVA Logistics' 648,758-square-foot renewal in the Memphis market, and the 620,000-square-foot lease by 99 Cents Only in the Los Angeles market. In the first quarter, Exel leased 947,715 square feet in the Charlotte market.
www.omegare.com
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