Friday, September 1, 2017

Duke Realty Signs 3PL Tenant to 628,000-SF 33 Logistics Park Warehouse Delivered Last Month

Duke Realty Corporation has leased its recently-completed, 628,475-square-foot bulk warehouse in the 33 Logistics Park at 1611 Van Buren Rd. in Easton, PA to a leading third-party logistics company. Having leased up its second building in the park, Duke will now begin construction of a 1.02 million-square-foot speculative industrial building next door at 1620 Van Buren Rd.

33 Logistics Park is located on the east side of the Lehigh Valley, just off Route 33 at the new four-way diamond interchange with Main Street. 33 Logistics Park 1611 delivered in early July, and 33 Logistics Park 1620 will rise between 1611 and an adjacent 1.1 million-square-foot, fully-leased bulk warehouse the company delivered in 2016.

"We are pleased to welcome our new tenant to 33 Logistics Park 1611 and excited to start another building in this dynamic distribution park," said Jeff Palmquist, senior vice president of Duke Realty’s Northeast Region. "With the quick lease-up of both of our bulk warehouses in 33 Logistics Park and ongoing demand for distribution space in the Lehigh Valley, we wanted to be sure that we are well-positioned to offer move-in ready, first-class space to companies with immediate space needs."

33 Logistics Park 1620 is expected to deliver in April 2018. In addition to 36-foot clear heights, the cross-dock building will feature LED lights, 120 fully equipped dock doors, four drive-in doors and parking for 245 trailers and 472 automobiles.

"The Lehigh Valley continues to be one of the nation’s most in-demand distribution hubs because of its unrivaled access to the highly populated New York City metropolitan area," continued Palmquist. "The location of 33 Logistics Park 1620 will provide companies ready access to I-78, I-81 and I-80 and is within a day’s drive of more than 40 percent of the population of the United States and Canada."

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