Thursday, August 6, 2015

Logistics Driving Spec Warehouses in Central PA

by Steve Lubetkin,
Warehousing companies continue moving into Central Pennsylvania to feed the needs of an evolving logistics business. PCCP and Dermody Properties have acquired a 43-acre site where they plan to build a class A, 405,000-square-foot distribution center in Jonestown, Lebanon County, PA.

LogistiCenter78-81, as the property will be branded, is located at the intersection of I-78 and I-81. Construction is starting now with anticipated completion in spring 2016.

“There is much to like about this site.  Aside from great access and visibility, LogistiCenter 78-81 will be developed to be flexible for any number of potential tenant profiles,” says John Randall, managing director with PCCP. “PCCP identified this as a compelling investment opportunity to deliver a quality industrial asset in partnership with Dermody Properties, a best-in-class industrial development firm.”

Randall says the property will be marketed to a single user and was delivered development-ready by the seller, Pennsylvania-based land developer, Vision Group Ventures.

“We are looking forward to increasing our footprint in Central Pennsylvania with LogistiCenter 78-81, as well as continuing our excellent partnership with PCCP,” said Gene Preston, east region partner,Dermody Properties. “LogistiCenter78-81 will meet the needs of companies looking for modern, flexible-use facilities in this market.”

LogistiCenter78-81 will consist of a front-load distribution building and a separate lot providing excess parking capacity. The state-of-the-art distribution facility will include 36’ clear heights; an ESFR sprinkler system; 81 dock doors; two drive-in doors, clerestory glass to allow natural light; 60’ loading bays; T-5 lighting; parking for 220 cars; and one extra trailer parking space per dock door.

The site is in Gateway Logistics Park, a master-planned, three-building center located at the junction of two of the primary distribution corridors servicing the northeastern United States, I-81 and I-78. I-81 serves as the outer beltway of the Northeast and has grown in popularity with users as it provides access to a wide range of outbound distribution locations.

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