(Read more on the industrial market.)

LEHIGH VALLEY, PA-Chicago-based Higgins Development Partners'development spree throughout Eastern Pennsylvania is far from over.Having completed more than 1.9 million sf of warehouse distributionspace at four buildings between Harrisburg and the Lehigh Valley in2007, it looks to add another 1.4 million sf in Coolbaugh Townshipand has a Carlisle site under contract that can accommodate inexcess of 500,000 sf.

The development cost comes in at about $50 per sf, according toGene Preston, SVP, who is located in the company's Morristown, NJoffice. That puts its 2007 investment at about $100 million hetells GlobeSt.com. The 85.5-acre Coolbaughsite Arcadia North Business Park, which Higgins acquiredfor $14 million, would add another investment of approximately $28million. The close of the Carlisle land deal would ratchet that upby an additional $10 million.