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

TOBYHANNA, PA-The majority, nearly three million sf, ofdistribution/warehouse capacity in the 600-acre Arcadia NorthBusiness Park is spoken for. The park has capacity forapproximately 3.5 million sf, and St. Louis-based Clayco RealtyGroup has broken ground for a 1.4-million-sf build-to-suit, whichis leased long term to Johnson & Johnson Sales and LogisticsCo. LLC.

Bethlehem-based Arcadia Properties LLC sold 100 acres to Claycofor an undisclosed price. The completed project is valued at $100million, according to a statement from Arcadia. The tenant is thelogistics arm of the Brunswick, NJ-based Johnson & Johnsonpharmaceutical firm. David Moses, EVP and partner of Clayco,confirms the value and says the plan allows for an additional200,000 sf. He tells GlobeSt.com the building is 50% complete andexpected to open by year-end.