Duke Realty Senior Vice President Jeff Palmquist Talks Industrial Real Estate with the Lehigh Business Journal

Jeff Palmquist, senior vice president of the Northeast Region for Duke Realty, recently spoke to the Lehigh Business Journal about how a new interchange opening along the Route 33 corridor in Palmer Township, Pennsylvania, has sparked new industrial real estate development.

According to the Lehigh Business Journal, the opening of the Charles Chrin interchange has created an environment for “explosive” growth along the artery that extends from Interstate 80 in Monroe County to its I-78 junction in Bethlehem Township.

Route 33 was initially extended in 2002. That project led to new retail and healthcare development, but little in the way of logistics centers and warehouses. That’s changed thanks to the Charles Chrin interchange, whose opening has led to “millions of dollars of distribution centers,” the Lehigh Business Journal reported.

“Route 33 is an underutilized major corridor in the Lehigh Valley,” Palmquist told the Journal. “The primary focus over the last 10-15 years has been on the growth at Route 100 and the areas of Bethlehem that provided available land and access to Route 22.”

Duke Realty already has a strong presence in the region. Last year, the company completed 33 Logistics Park 1610, a 1.1-million-square-foot property that’s currently fully leased to Amazon. A second Duke Realty building—totaling 629,000 square feet—is currently under construction and expected to be completed in June.

You can read the full story here.