Thursday, July 11, 2019

Endurance/CenterSquare announce the signing of a 242,960 SF lease at 594 Distribution Center in Hazleton, PA

Affiliates of Endurance Real Estate Group, LLC (“Endurance”) and CenterSquare Investment Management (“CenterSquare”) are pleased to announce the signing of a 242,960 SF lease with Progressive Converting, Inc. (“Pro-Con”) at 594 Can Do Expressway located in Hazleton, PA (the “Property”).  The Property was recently purchased from Quad Graphics and rebranded as 594 Distribution Center (“594 DC”). The lease with Pro-Con increases the Property’s occupancy to 100%.

“Shortly after acquisition, ownership embarked on a capital improvement program which included the installation of a new roof, new LED lighting throughout the warehouse area, upgraded levelers and dock packages, select interior demolition and various office, paving and landscaping improvements. Pro-Con recognized the quality of the Property and we are thrilled we can accommodate their expansion within the park as this will be their third location within the Humboldt Industrial Park, which currently boasts a vacancy rate of less than 2%”.

594 DC is located just one mile from Exit 143 of I-81 and is part of the Humboldt Industrial Park. This location offers excellent transportation links to Interstate Highways and is within 250 miles of most major markets in the Northeast and Mid-Atlantic regions. As part of the Eastern & Central Pennsylvania Industrial Market, the Northeast Pennsylvania Industrial Market is an established center for national retail distribution and consumer goods companies in the Eastern United States.
 www.omegare.com

No comments:

Post a Comment