(Read more on the industrial market.)
LOWER MACUNGIE, PA-Trammell Crow Co. has entered into a jointventure with ING Clarion Partners to construct Lehigh Valley South,a 315,000-sf warehouse building on 25 acres at Route 100 andAlburtis Road. Northeast Metro Development Group, a division ofDallas-based TCC, will act as project manager during theconstruction and expects to complete the building in summer2008.
The building is designed for multi-tenant occupancy and beingbuilt on spec. "Most of the new inventory delivered to the marketover the past several years has been cross-dock buildings of500,000 sf and up," says Andrew Mele, TCC's SVP. "While thosebuildings have done very well, the needs of tenants in the100,000-sf to 200,000-sf range have been largely ignored. There'sstill a lot of these guys out there," he tells GlobeSt.com.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
