(Allentown, Pa. and Indianapolis, Ind. ‒ July 30, 2015) Duke Realty Corporation (Duke Realty) announces that it has purchased a 63.1-acre site on the east side of the Lehigh Valley and is slated to deliver a new 1.1 million-square-foot, modern bulk industrial building in late 2015 or early 2016. The speculatively built warehouse, Building One at the 33 Logistics Park at Chrin Commerce Centre, will be located 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.
“33 Logistics Park ‒ Building One will be well positioned for large users looking for first-class industrial space in the Lehigh Valley, a distribution hub that has high demand, but limited availability,” said Jeff Palmquist, Senior Vice President of Duke Realty’s Northeast Region. “When complete, 33 Logistics Park Building One will provide users with large space needs the opportunity to move into first-generation space with state-of-the-art specifications in a location that provides unrivaled access to the highly populated New York City metropolitan area. From this building, companies will have 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.”
Designed with today’s users of bulk warehouse space in mind, 33 Logistics Park ‒ Building One will incorporate features that maximize efficiency, including 36′ clear height; 48′ x 54′ column spacing with 60′ x 54′ staging bays; 112 ‒ 9′ x 10′ dock doors; 200′ deep truck courts, 277 trailer storage positions and ESFR fire protection. Its cross-dock configuration includes two main entrances, automobile parking at both ends of the building and full truck circulation making the building suitable for multi-tenant occupancy.
“33 Logistics Park ‒ Building One continues the reputation Duke Realty has established for providing first-class distribution facilities in strategic locations,” added Palmquist. “In addition to this facility, we have the ability to develop even more space—up to an additional 1.6 million square feet on two adjacent parcels. This flexibility is especially important if a client has specific needs and requires a build-to-suit facility.”
33 Logistics Park ‒ Building One will be Duke Realty’s third building in the Lehigh Valley, complementing West Hills Business Center, where it owns a 980,000-square-foot bulk warehouse and a 233,000-square-foot bulk warehouse on the west side of the valley. These three facilities, along with other bulk warehouse buildings it owns in Pennsylvania, New Jersey, Delaware, Maryland and Virginia, raise Duke Realty’s Northeast United States industrial portfolio to more than 9.2 million square feet.
Parties interested in leasing space in 33 Logistics Park ‒ Building One 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 in Four Tower Bridge, 200 Barr Harbor Drive, Suite 400 in West Conshohocken, PA. The phone number is 610.941.2981.
On a nationwide basis, Duke Realty owns, maintains an interest in or has under development 142 million rentable square feet of industrial and office assets, including medical office, in 22 major U.S. metropolitan areas. Duke Realty Corporation 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 is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.