Woodmont Begins Construction on New Warehouse Building

MIDDLETOWN, PA—New Jersey-based Woodmont Industrial Partners reports it began construction recently on 200 Capital Lane, a new 400,000-square-foot warehouse building here.

The 200 Capital Lane building is part of the Capital Logistics Center, a six-building, 1.55-million-square-foot industrial complex situated on more than 100 acres in Middletown. The complex is located in the heart of the I-81 Distribution Corridor and is less than a mile from Harrisburg International Airport. The property is strategically located near FedEx and UPS facilities, and is also near Routes I-283, I-83 and 322.

A joint venture of Woodmont Industrial Partners and AEW Capital Management, L.P. acquired the property in June of 2013. AEW acquired the property on behalf of AEW Partners VI, the sixth in the firm's series of opportunistic funds. Woodmont Industrial Partners is an affiliate of Fairfield, NJ based Woodmont Properties, a real estate development and management firm established in 1963.

Woodmont demolished two 1950-vintage buildings in the park and is now constructing two new LEED-certified, Class A warehouse facilities totaling approximately 530,000 square feet. 200 Capital Lane is scheduled to be completed in December 2014, with 300 Capital Lane following shortly after. Upon completion, 200 Capital Lane will be the largest building in the park and will be equipped with T-5 lighting, an ESFR system, 87 dock doors plus two drive-in doors, and 36' clear ceilings throughout, company officials say.

“We are excited to begin construction at this site and see great potential in what this property will become,” says Eric Witmondt, Woodmont Industrial Partners CEO. “We look forward to unveiling the new and improved Capital Logistics Center once this project is complete.”

The CBRE team of Michael Hess, Patrick Lafferty and Bart Anderson is handling the leasing assignment.