By Caleb Hayes CoStar Research
Endurance Real Estate Group signed a full-building lease with plastic pipe extruder Ipex USA to fill its newly constructed Middletown Logistics Center in Middletown, Pennsylvania.
Located at 2070 N. Union St., the 251,200-square-foot bulk warehouse/distribution facility features 36’ clear heights, LED lighting and ESFR sprinkler systems, 21 door positions equipped with 40,000-lbs. mechanical levelers, bumpers and seals, one 14’-by-16’ drive-in door, 33 trailer stalls and 192 car parking spaces.
The property's location off the Middletown exit of S.R. 283 offers access to the Greater Philadelphia, Harrisburg, and Baltimore-Washington areas via I-83 and I-76, putting more than one third of the total U.S. population within a day's drive. The location's appeal to distributors is evident by the fact that four different FedEx warehouses and a new UPS Northeast Regional Super Hub are located nearby.
Based in Pineville, North Carolina, Ipex USA is the North American subsidiary of Belgium's Aliaxis SA, and specializes in extruding plastic piping for the building, industrial, agriculture and infrastructure markets.
"Our decision to develop this project on a speculative basis proved to be the catalyst in leasing the building simultaneously with its delivery to the market," said Endurance Senior Vice President Albert J. Corr in a statement. "Given Ipex’s new space requirement to the region and their desire to secure a state-of-the-art distribution facility, these factors proved to be the perfect combination to fulfill Ipex’s entry into the Central Pennsylvania market."
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.