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

SCRANTON, PA-Sears Holdings Corp. has signed a lease for aone-million-sf, build-to-suit distribution center in CovingtonIndustrial Park. The owner/developer is Chicago-based FirstIndustrial Realty Trust.

First Industrial has begun site work, and expects to completethe building by Sept. 15, according to Richard Astheimer, SVP ofdevelopment in that company's Pennsylvania regional office inExton. He tells GlobeSt.com the estimated all-in cost for thefacility is between $50 million and $55 million.

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