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ALLENTOWN, PA-Acquiring the single-story building at 7108 Daniels Dr. from Wallace Computer signals the company's growing stake in the Lehigh Valley. The price is undisclosed, however area brokers tell GlobeSt.com the market rate is about $40 per sf.
PHILADELPHIA-The Browns Summit, NC-based garden parts and equipment supplier whistles a happy tune after signing a 26,970-sf lease for space in Keystone Property Trust's 7520 Morris Ct. in the Westpark Business Center in Allentown, PA.
PHILADELPHIA-Although net absorption of industrial space remains negative, overall industrial vacancy in the four suburban counties is 10.5%, and direct vacancy is 9.6%, a range that has held for the past seven quarters.
PHILADELPHIA-The US sales and distribution arm of the Germany-based athletic footwear and apparel supplier fills three of five buildings owned by Aurora, CO-based ProLogis at Airpark Distribution Center on I-275 and Route 20.