Trammell Crow, Clarion Land Logistics Tenant in Lehigh Valley
The new facility is on track for completion by the end of the year.
ID Logistics, an international contract logistics company which began a U.S. expansion in 2019, has leased a Bethlehem, Pa., distribution facility. The Lehigh Valley Trade Center, where IDLogistics will occupy 526,662 square feet, is being developed by Trammell Crow Co. and Clarion Partners.
Colliers managed the land acquisition, initiated a marketing campaign and found the tenant for the Lehigh Valley distribution and fulfillment campus.
READ ALSO: Top 5 Industrial Transactions in Chicago
The new space will serve as a distribution center for a global food corporation that uses IDLogistics as a contract logistics provider. Located at 4939 Hanoverville Road, the center is in proximity to other occupiers including Stitch Fix, Tesla, and the largest FedEx sorting facility in the U.S.
The building is expected to be completed this year. According to CommercialEdge data, the lot size for the facility is 29.4 acres. The property features a 185-foot truck court, loading doors, cross docks, dock levelers, dock bumpers, ESFR fire sprinklers and maximum clear heights of 40 feet.
Two of the other buildings in the Lehigh Valley Trade Center were completed in 2016, according to CommercialEdge data. One of the properties, located at 4779 Hanoverville Road, is a 297,650 square foot building currently occupied by Shipbob and Wasserstrom. The other property, located at 4868 Hanoverville Road, is 947,548 square feet with PAC and Barry Callebaut as tenants, according to the same data.
The third phase of the Lehigh Valley Trade Center has begun following the signing of the IDLogistics lease. Two new buildings, which will be 287,445 square feet and 300,153 square feet, are scheduled for completion before the end of 2023.
Mark Chubb, Michael Zerbe and Summer Coulter with the Colliers’ logistics and transportation team for Eastern Pennsylvania worked on the deal. Colliers has recently expanded its national property management business through the acquisition of Arcadia Management Group Inc. Set to rebrand under Colliers’ name, Arcadia’s team focuses on southwestern markets.
You must be logged in to post a comment.