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.
www.omegare.com
Tuesday, June 6, 2017
Monday, June 5, 2017
Friday, June 2, 2017
Keystone Property Group Gets Approval For Massive Conshohocken Project
Matthew Rothstein, Bisnow
Keystone Property Group has received zoning approval for an ambitious project in Conshohocken.
Situated next to the Conshohocken SEPTA train station, SORA West would be a multifaceted development, including a 250K SF office building and a 171-room hotel surrounding a public plaza and gathering space. Both the office and hotel buildings have retail and dining components planned, and the historic Conshohocken Firehouse, which also would abut the plaza, would be renovated into a brewpub. Keystone also plans for a 950-space parking structure to support the hotel and office buildings, with an additional 150 free public spaces somewhere in the project to support the surrounding downtown and the plaza. Keystone Property Group, which is headquartered at SORA East across the street, is looking for an anchor tenant for the office component, as well as a partner in the hotel project. It also still requires additional development permits, and is mulling an additional residential component to the project.
www.omegare.com
Keystone Property Group has received zoning approval for an ambitious project in Conshohocken.
Situated next to the Conshohocken SEPTA train station, SORA West would be a multifaceted development, including a 250K SF office building and a 171-room hotel surrounding a public plaza and gathering space. Both the office and hotel buildings have retail and dining components planned, and the historic Conshohocken Firehouse, which also would abut the plaza, would be renovated into a brewpub. Keystone also plans for a 950-space parking structure to support the hotel and office buildings, with an additional 150 free public spaces somewhere in the project to support the surrounding downtown and the plaza. Keystone Property Group, which is headquartered at SORA East across the street, is looking for an anchor tenant for the office component, as well as a partner in the hotel project. It also still requires additional development permits, and is mulling an additional residential component to the project.
www.omegare.com
Thursday, June 1, 2017
Conshohocken Brewing Company to Expand into Delaware and Chester Counties
The Havertown location will take over the space on the corner of Darby Road and Benedict Avenue which used to be home to Nais Cuisine. This will make it neighbors with the popular Brick & Brew Gastropub which is located just a block down the street.
The company will face similar competition at its planned location in Phoenixville. Here it will take over the space previously occupied by the Heidi Sue Variety store on the Bridge Street business corridor which is already home to the popular Crowded Castle Brewing Company.
No opening date for either new location has yet been set. However, the company stated on its Facebook page that the two new locations will open sometime later this year and that each will feature a unique concept.
“Pretty excited to confirm that we are opening two new spots later this year- in Havertown and Phoenixville. Each location will have a different concept and feel and we couldn’t be more excited to join both neighborhoods!“
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