The commercial facility is absolutely leased to IPEX USA.
Endurance Actual Property Group has accomplished Middletown Logistics Middle, a 251,200-square-foot industrial facility in Middletown, Pa. IPEX USA, a producer of built-in piping merchandise, is the only occupant of the property, marking the tenant’s entry into the Central Pennsylvania market.
The newly constructed facility sits on 18.4 acres and options 36-foot clear peak, 56-foot by 52-foot column spacing, LED lighting and ESFR sprinklers, in addition to 21 absolutely geared up door positions. The warehouse affords affords 33 trailer stalls and 192 parking areas.
Situated at 2070 N. Union St., the property is a part of the Harrisburg market. The positioning gives a direct connection to Interstate 283, providing entry to Better Philadelphia, Harrisburg and the Baltimore-Washington metropolitan space, by way of interstates 83 and 76. Harrisburg Worldwide Airport is 5 miles away. Different industrial tenants within the space embody FedEx, UPS, Schneider Electrical, Allen Distribution and Swanson.
Government Managing Director Jeff Lockard, Senior Managing Director Jason Webb, Government Vice President Maria Ratzlaff and Vice President Ryan Barros of JLL Capital Markets represented the proprietor, whereas Government Vice President Sean Bleiler of CBRE represented the tenant within the lease signing.
Endurance’s present nationwide portfolio totals 5.1 million sq. toes, consisting of 53 buildings, whereas it’s improvement pipeline provides as much as greater than 1.6 million sq. toes of distribution services. CommercialEdge information exhibits that the corporate owns 17 industrial properties throughout the state of Pennsylvania, accomplished or in varied levels of improvement. In February, Endurance and ASB Actual Property Investments paid $77.6 million for a 929,250-square-foot industrial portfolio in Berks County, Pa.
