PITTSTON, PA—Woodmont Industrial Partners has acquired a 437,000-square-foot warehouse building at 1 Commerce Road in Pittston, PA.
A former Penguin Random House LLC book distribution center, the facility is now available for lease. Andrew Houston and Adam Ardise of DTZ represented the seller. The Jones Lang LaSalle Pennsylvania Brokerage Leasing team, led by Kim Meincke and Lee Fittipaldi, will represent the property.
Woodmont will implement a capital improvement program that will include new trailer parking and the addition of up to 20 loading docks. Additional renovations will give the metal-paneled building a more modern feel and add extra functionality.
“The property appealed to Woodmont because of its prime location in the heart of the Northeast Pennsylvania market. The new Avoca interchange under construction now will connect Commerce Road directly to I-81, just south of the property,” says David Iacobucci, managing director of Woodmont Industrial Partners. “The building is highly functional in its current configuration, but adding the new loading docks will further increase its potential.”
Strategically located off of Interstate 81 in Northeast Pennsylvania, the warehouse is situated just east of the Wilkes-Barre Scranton International Airport, and is part of the Northeast Industrial Corridor. The Pennsylvania Department of Transportation has begun construction on a new access road that will connect the exit off of I-81, directly to Commerce Road. The new interchange will connect the airport to the surrounding industrial parks, making the warehouse even more conveniently located.
The property also features a high bay section offering 48' to 54' clear height with racking in place, and a parking lot that can accommodate up to 269 cars as well as a rail line behind the building, which can be activated.
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Steve Lubetkin
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].
