Tuesday, March 24, 2015

Capital Logistics Center Opens in Central PA

by Steve Lubetkin, Globest.com
Woodmont Industrial Partners is celebrating the grand opening of 200 Capital Lane, a 400,000-square-foot LEED certified warehouse facility that is the newest addition to Capital Logistics Center.  The industrial park is a six-building, 1.55-million-square-foot industrial complex that is situated on more than 100 acres in Middletown, PA.

Woodmont held a ribbon-cutting ceremony attended by local officials and some of its executives, including CEO Eric Witmondt, managing partner Marc Lebovitz and managing director David Iacobucci.

Dauphin County Board of Commissioners’ chairman Jeff Haste says the new warehouse will bring jobs to the Dauphin County region. “The new Capital Logistics Center will help meet the growing need for quality industrial space in Central Pennsylvania, which continues to be a highly sought after location for companies of all sizes,” says Haste.

A joint venture of Woodmont Industrial Partners and AEW Capital Management acquired the industrial park in 2013. As part of a capital improvement program, two buildings that were built more than 50 years ago were demolished. In their place, the venture constructed 200 Capital Lane and is presently completing demolition work on the site to prepare the second building, 300 Capital Lane, for construction.

“We are thrilled to officially present the new and improved Capital Logistics Center and look forward to welcoming new tenants to the park, which is truly one of the most modern industrial spaces in the region,” says Woodmont CEO Witmondt. “Due to the hard work of all who were involved in the redevelopment, our vision for the facility has become a reality.”

Capital Logistics Center is in a prime location that fronts the Pennsylvania Turnpike and is less than a mile from Harrisburg International Airport. The property is also located near FedEx and UPS facilities, and is in close proximity of interstates 283 and 83, as well as Route 322.

“The strategic location of the Capital Logistics Center, along with the recently added features – T5 lighting, ESFR sprinklers and ample parking – are some of the key factors that we believe will make Capital Logistics Center one of the most sought-after industrial properties in Central Pennsylvania,” says Matthew Crocker, regional asset manager of Woodmont Industrial Partners.

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