Lehigh Valley Commerce Middle
ID Logistics, a global contract logistics firm which started a U.S. growth in 2019, has leased a Bethlehem, Pa., distribution facility. The Lehigh Valley Commerce Middle, the place IDLogistics will occupy 526,662 sq. ft, is being developed by Trammell Crow Co. and Clarion Companions.
Colliers managed the land acquisition, initiated a advertising and marketing marketing campaign and located the tenant for the Lehigh Valley distribution and achievement campus.
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The brand new area will function a distribution middle for a world meals company that makes use of IDLogistics as a contract logistics supplier. Positioned at 4939 Hanoverville Highway, the middle is in proximity to different occupiers together with Sew Repair, Tesla, and the biggest FedEx sorting facility within the U.S.
The constructing is anticipated to be accomplished this yr. In accordance with CommercialEdge knowledge, the lot measurement for the ability is 29.4 acres. The property incorporates a 185-foot truck courtroom, loading doorways, cross docks, dock levelers, dock bumpers, ESFR fireplace sprinklers and most clear heights of 40 ft.
Two of the opposite buildings within the Lehigh Valley Commerce Middle have been accomplished in 2016, in line with CommercialEdge knowledge. One of many properties, positioned at 4779 Hanoverville Highway, is a 297,650 sq. foot constructing at present occupied by Shipbob and Wasserstrom. The opposite property, positioned at 4868 Hanoverville Highway, is 947,548 sq. ft with PAC and Barry Callebaut as tenants, in line with the identical knowledge.
The third section of the Lehigh Valley Commerce Middle has begun following the signing of the IDLogistics lease. Two new buildings, which can be 287,445 sq. ft and 300,153 sq. ft, are scheduled for completion earlier than the tip of 2023.
Mark Chubb, Michael Zerbe and Summer time Coulter with the Colliers’ logistics and transportation group for Japanese Pennsylvania labored on the deal. Colliers has lately expanded its nationwide property administration enterprise by way of the acquisition of Arcadia Administration Group Inc. Set to rebrand underneath Colliers’ identify, Arcadia’s group focuses on southwestern markets.
