(To read more on the industrial market, click here.)

BRISTOL TWP., PA-Estee Lauder has signed a 20-year, build-to-suit lease agreement for a 242,433-sf regional distribution facility at 200 Crossings Dr. in Keystone Industrial Park II. This is the cosmetic company’s second facility in the park, and it will complete the four-building complex developed by Opus East.

Craig Guers, SVP and general manager of the Plymouth Meeting-based affiliate of Minneapolis-based Opus Group, says, “total development costs for the facility are estimated at more than $18 million.” It is designed by his firm’s in-house staff specifically to meet the tenant’s specialized distribution needs and features 32-ft clear ceiling height, 40- by 50-ft column spacing and approximately 14,000 sf of office space. Guers says Estee Lauder will take occupancy in September 2007.

Barry Greenberg and Andrew S. McGhee of Philadelphia-based Colliers Lanard & Axilbund negotiated the deal on Opus East’s behalf, and Estee Lauder’s in-house real estate department spoke for the client. Estee Lauder also occupies 302,409 sf at 300 Crossings Dr., which was completed in March 2001. With completion of the new facility, it becomes the largest tenant in the park.

Circuit City, Iron Mountain, David’s Bridal, Lennox and Acculogix are also located in the complex. It is five minutes from Exit 40 of I 95 and less than 10 minutes from Exit 358 of the Pennsylvania Turnpike.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.