The Colliers International Logistics and Transportation Solutions team of Mark Chubb, Michael Zerbe, Summer Coulter continues to illustrate expert knowledge of the Eastern PA industrial logistics hub to owners and occupiers with over 4 MSF and 190 acres in transactions in the vicinity between Memorial Day and Labor Day 2019. In the fast-paced logistics and warehousing/fulfillment “big-box” real estate sector – there is no summer slowdown!
Eastern Pennsylvania had a very strong second quarter in terms of leasing activity and the Colliers team’s new leases accounted for a third of all Q2 new occupier activity in the EPA market.
| Owner / TenantOR Buyer / Seller | Address | Size | Deal Type | Represented |
|
Akzo Nobel / NorthPoint
Development |
1290 S Dupont Highway
New Castle DE |
190 Acres (2 MSF) | Land Sale | Seller |
|
Exeter Property Group /
Undisclosed |
801 Centerville Road
Newville, PA |
1,138,320 | Lease | Tenant |
| NorthPoint / Undisclosed |
1290 S Dupont Highway
New Castle, DE |
1,002,841 | Lease | Landlord |
| Prologis / Bridgestone |
2869 Route 22
Fredericksburg, PA |
550,000 | Renewal/Extension | Tenant |
| Majestic Realty / Cal Cartage |
3051 Commerce Center Boulevard
Bethlehem, PA |
538,650 | Renewal/Extension | Tenant |
|
Global Logistics Properties /
Pureland |
2239 High Hill Road
Bridgeport, NJ |
273,333 | Renewal/Extension | Tenant |
|
Endurance Real Estate Group /
CarbonLite |
Berks 81
Muhlenberg Township, PA |
270,000 | Lease | Tenant |
| Prologis / Undisclosed |
1501 Distribution Drive
Carlisle, PA |
208,000 | New Lease | Landlord |
|
First Industrial / Ring Container
Technologies |
16522 Hunters Green Parkway
Hagerstown, MD |
28,022 | Expansion | Tenant |
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. Learn more about how we accelerate success at
corporate.colliers.com, Twitter @Colliers or LinkedIn.
