KUTZTOWN, PA–Hearth & Home, the world's leading producer and installer of hearth products, has renewed and expanded its lease with Woodmont Industrial Partners at 9747 Commerce Circle in Kutztown, PA.
In the new five-year lease, Hearth & Home will expand its existing space from 138,457 square feet to 173,701 square feet—an increase of more than 35,000 square feet.
“The prime location was a crucial factor in Hearth & Home's decision to remain at 9747 Commerce Circle,” says Eric Witmondt, principal of Woodmont Industrial Partners. “This latest lease is a testament to the growing demand for quality industrial space in the Lehigh Valley, which has become a hot spot for business activity and logistics companies.”
Located within the Arcadia West Industrial Park, less than half a mile away from Interstate 78, the property is a 385,000-square-foot, class A distribution center in the heart of the Leigh Valley industrial market. The strategic location not only provides easy access to I-78, but also to I-476 and Route 22, giving tenants the logistic ability to interact with Central and Northeastern Pennsylvania as well as Central and Northern New Jersey.
Woodmont, in a joint venture with AEW Capital Management, acquired the building in January 2013. AEW owns the property on behalf of AEW Partners VI, an opportunistic real estate fund. Built in 2007, the building is equipped with an ESFR sprinkler system, T5 lighting, 32-foot ceiling heights, 50-by-50-foot column spacing, 20 loading dock doors and 10 additional knock-out dock door panels.
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Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
