Friday, May 29, 2015

Woodmont Acquires 437K SF Pittston Industrial

by Steve Lubetkin,

Woodmont Industrial Partners has acquired a 437,000-square-foot warehouse building at 1 Commerce Road in Pittston, PA.

A former Penguin Random House LLC book distribution center, the facility is now available for lease.

Woodmont will implement a capital improvement program that will include new trailer parking and the addition of up to 20 loading docks. Additional renovations will give the metal-paneled building a more modern feel and add extra functionality.

“The property appealed to Woodmont because of its prime location in the heart of the Northeast Pennsylvania market. The new Avoca interchange under construction now will connect Commerce Road directly to I-81, just south of the property,” says David Iacobucci, managing director of Woodmont Industrial Partners. “The building is highly functional in its current configuration, but adding the new loading docks will further increase its potential.”

Strategically located off of Interstate 81 in Northeast Pennsylvania, the warehouse is situated just east of the Wilkes-Barre Scranton International Airport, and is part of the Northeast Industrial Corridor. The Pennsylvania Department of Transportation has begun construction on a new access road that will connect the exit off of I-81, directly to Commerce Road. The new interchange will connect the airport to the surrounding industrial parks, making the warehouse even more conveniently located.

The property also features a high bay section offering 48’ to 54’ clear height with racking in place, and a parking lot that can accommodate up to 269 cars as well as a rail line behind the building, which can be activated.

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