Tuesday, June 6, 2017

Ace Hardware Leasing A Million Square Feet In Fredericksburg, PA

by Steve Lubetkin, Globest.com
Ace Hardware is leasing nearly 1.1 million square feet at the Lebanon Valley Distribution Center, 139 Fredericksburg Road, Fredericksburg, Lebanon County, PA.

This involves a new 1,080,421 square-foot cross-dock, 36’ clear distribution facility. The existing 874,126 square-foot facility is to be expanded by 225,875 square feet and delivered to Ace Hardware for occupancy by year end 2017.

The property is owned by USAA Real Estate Co. and is being developed by the Trammell Crow Company.

Ace Hardware executives were looking to locate a suitable class-A consolidation facility to serve Ace Hardware stores located throughout the Northeast and Mid-Atlantic US. The Lebanon Valley Distribution Center property was chosen over several other options because of its site and building design, expansion capability, and access to I-78 and I-81.

Ace Hardware was given LERTA tax benefits.

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