Colliers International’s Logistics and Transportation Solutions team of Mark Chubb, Michael Zerbe,Summer Coulter and Kirsten Kurz has represented CarbonLITE in the finalization of a new lease with Endurance Real Estate Group for the construction of a 270,000 square foot warehouse and manufacturing facility on 18.44 acres of land in Muhlenberg Township, Berks County, Pennsylvania. It is currently known as Berks61.
CarbonLITE is the largest producer of food-grade Post-consumer Recycled PET in the world. The firm, founded by plastics entrepreneur Leon Farahnik, specializes in processing used plastic bottles into bottle-grade PET resin flakes and pellets that can then be used to manufacture new plastic beverage bottles and other products.
This move represents a strategic East Coast expansion for CarbonLITE, who currently operates two 220,000-square-foot bottle-to-bottle PET recycling plants in Riverside, California and Dallas, Texas which, combined, process more than four billion plastic bottles annually.
“Reading was right for CarbonLITE, access to one of the densest concentrations of blue-collar workers in Eastern PA with very few competitive big-box employers of similar scale will serve them well” said Mark Chubb, a Managing Director with Colliers on the project team.
Site work has commenced and CarbonLITE expects to take delivery in December of this year. The building will contain 270,000 RSF with concrete tilt wall construction, 36’ clear height, a TPO roof, ESFR sprinkler, LED lighting with motion sensors, 42 dock positions, 3 drive-in doors, available rail access, and a 3,000 amp, 3-phase electric system. The development has been approved for a LERTA tax abatement.
About CarbonLITE
CarbonLITE is the largest producer of food-grade Post-consumer Recycled PET in the world, founded by plastics entrepreneur, Leon Farahnik. CarbonLITE’s two 220,000-square-foot bottle-to-bottle PET recycling plants in Riverside, CA and Dallas, TX process more than four billion plastic bottles annually, creating a 120,000 ton-per-year carbon footprint reduction. CarbonLITE specializes in processing used plastic bottles into bottle-grade PET resin flakes and pellets that can then be used to manufacture new plastic beverage bottles and other products, supplying some of the world’s major beverage brands. Through new state-of-the-art facilities, technologies, and equipment, CarbonLITE is fully invested and committed to make an impact in preserving resources and reducing the carbon footprint from PET bottle production. At CarbonLITE, we believe that recycling is the only responsible option. Destroying plastics and reliance on degradable plastics only increases the carbon footprint and wastes precious resources.
Learn more at www.carbonliterecycling.com
About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.
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