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BRISTOL TWP., PA-Estee Lauder has signed a 20-year,build-to-suit lease agreement for a 242,433-sf regionaldistribution facility at 200 Crossings Dr. in Keystone IndustrialPark II. This is the cosmetic company's second facility in thepark, and it will complete the four-building complex developed byOpus East.
Craig Guers, SVP and general manager of the PlymouthMeeting-based affiliate of Minneapolis-based Opus Group, says,"total development costs for the facility are estimated at morethan $18 million." It is designed by his firm's in-house staffspecifically to meet the tenant's specialized distribution needsand features 32-ft clear ceiling height, 40- by 50-ft columnspacing and approximately 14,000 sf of office space. Guers saysEstee Lauder will take occupancy in September 2007.
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