By Christopher Ashworth CoStar Research
Atlanta-based real estate development company Portman Holdings has broken ground on its 636,120-square-foot distribution building for the I-76 Trade Center, Warehouse B, at 1130 Pottstown Pike in Exton, Pennsylvania.
Currently, this is the only property in the industrial park that is under construction, and the building will compose approximately 33% of the overall square footage upon its scheduled completion in 2025. The other two buildings of this park are set to break ground in September 2024, with construction expected to be completed in late 2026.
The ownership of this four-star property closed its construction loan and was able to break ground on the first building at the end of June 2024. Currently, CoStar is showing no signed leases on this property, but there is an active for-lease listing for the entire building.
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