Thursday, May 11, 2017

Ace Hardware Signs Two Bldg Industrial Lease Totaling 1.1M SF

Ace Hardware has signed a 1.1 million-square-foot industrial lease at 139 Fredericksburg Rd. in Fredericksburg, PA.

The lease deal encompasses a full-building deal at an existing distribution facility totaling 874,126 square feet and a 225,875-square-foot proposed expansion building that is expected to break ground this summer with an anticipated delivery date in early 2018.

USAA Real Estate Company owns the 90-acre lot, located near I-78 and I-81, within the Lebanon Valley Distribution Center. Reportedly, Ace Hardware will not take occupancy of the existing space until the expansion building is completed.

The existing building delivered in May 2016 in the Lebanon County Industrial submarket of Philadelphia and features abundant surface and trailer parking, ESFR sprinkler, 123 loading docks and two drive-ins in a cross-dock design, 36-foot clear heights and 48x56-foot column spacing.

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