BRISTOL TOWNSHIP, PA—A new 248,500 square foot speculative industrial facility will soon be under construction at Bristol Commerce Center, occupying 20 of the park’s 81 acres. The ESFR-sprinklered building is expected to ready for occupancy in the second quarter of 2019.
Additionally, the new facility will feature heights of 40-foot clear height, which is above the area market’s standard of 36-foot, positioning this facility well for warehouse/distribution and manufacturing uses.
“We have always strived to be ahead of the curve, and the 40-foot clear ceiling height is just one more added value our future tenants will appreciate and take advantage of,” says Jamie Herring, principal of Herring Properties, the developer of BCC.
Bristol Commerce Center is in a designated Keystone Opportunity Expansion Zone through 2022. The KOEZ designation provides substantial financial tax abatements to businesses looking to relocate or expand in the area. In addition to the KOEZ benefits, the park can take advantage of the newly opened interconnection of the Pennsylvania Turnpike and I-95, just three miles away. Current tenants include XPO Logistics, AirGas Corporation, Goodyear and PetValu.
The new construction comes as growth in e-commerce and last-mile deliveries closer to the urban inner-core are rising, but the supply of distribution center space has not kept pace—tenants are getting frustrated with the lack of available space for lease and user-owners are also faced with a lack of quality buildings to purchase.
Recent Colliers International market statistics show the second quarter 2018 vacancy rate in the Bucks County market is under 4%.