by Steve Lubetkin, Globest.com
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.
www.omegare.com
Thursday, August 6, 2015
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