(Read more on the industrial market.)

PITTSTON, TWP., PA-Lowe’s Cos. Inc. has begun construction of a 1.4-million-sf distribution center in CenterPoint Commerce & Trade Park East. The estimated total project cost is $111 million, and Pennsylvania has provided an incentive package of slightly more than $3.9 million.

Construction is taking place on a 130-acre parcel in the 377-acre phase one of the park, which is being developed by Wilkes-Barre-based Mericle Commercial Real Estate Services. According to published reports, the Mooresville, NC-based home improvement retailer paid Mericle $28.7 million, or about $220,770 a acre, for the land.

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