(Conshohocken, PA ‒ Aug. 17, 2016) The Northeast Region office of Duke Realty Corporation (Duke Realty), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of bulk industrial facilities, has begun construction of 33 Logistics Park 1611, a new, speculative, 628,475-square-foot bulk warehouse. Located on the east side of the Lehigh Valley, 33 Logistics Park 1611 will be adjacent to Duke Realty’s recently completed and fully leased 1.1 million-square-foot warehouse on Van Buren Road just off Route 33 at the new four-way diamond interchange at Main Street. CBRE has been engaged as the leasing agent for the building.
“With the quick lease-up of our 1.1 million-square-foot building in 33 Logistics Park and strong ongoing demand for warehouse space in the Lehigh Valley, we wanted to be sure that we are well-positioned to offer move-in ready, first-class space to companies who can’t wait for a build-to-suit facility,” said Jeff Palmquist, Senior Vice President of Duke Realty’s Northeast Region. “When complete, 33 Logistics Park 1611 will be an attractive solution to distributors looking for a large block of modern space and superior highway access where they can begin operations right away.”
Construction on 33 Logistics Park 1611 will begin in September, with delivery scheduled for June 2017. In addition to 36′ clear height, the building will feature 64 dock doors, two drive-in doors, and parking for 110 trailers and 350 automobiles. Tenants will have the ability to build out their office space to their specifications.
“The Lehigh Valley continues to be one of the nation’s most in-demand distribution hubs because of its proximity to the highly populated New York City metropolitan area,” added Palmquist. “The location of 33 Logistics Park 1611 will provide companies ready access to I-78, I-81 and I-80 and be within a day’s drive of more than 40 percent of the population of the United States and Canada.”
33 Logistics Park 1611 will be Duke Realty’s fourth building in the Lehigh Valley and second in 33 Logistics Park. Duke Realty also owns two buildings in West Hills Business Center on the west side of the valley ‒ a 980,000-square-foot bulk warehouse and a 233,000-square-foot bulk warehouse. These four facilities, along with other bulk warehouse buildings it owns in Pennsylvania, New Jersey, Maryland and Northern Virginia, raise Duke Realty’s Northeast United States industrial portfolio to more than 9.7 million square feet.
Parties interested in leasing space in 33 Logistics Park 1611 or build-to-suit opportunities on the adjacent land are invited to contact Duke Realty or its listing agent CBRE:
About Duke Realty
Duke Realty’s Pennsylvania office is located at 161 Washington Street, Suite 1020, Conshohocken, PA. The phone number is 484.533.6500.
On a nationwide basis, Duke Realty Corporation specializes in the ownership, management and development of bulk distribution and medical office real estate. The company owns and operates approximately 137 million rentable square feet in 21 major U.S. metropolitan areas. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.