X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CUMBERLAND COUNTY, PA-Developers started construction on what will be a 1.2-million-sf distribution center called Key Logistics Park. The building is expected to be open for business in less than a year. Lauth, the construction and development firm, plans to build two more similar-sized buildings after the first is completed. The speculative facility called Building One is located in the center of the Commonwealth is on an East Coast shipping corridor adjacent to Interstate 81 at Exit 37.

“This area of Pennsylvania is quickly becoming one of the leading distribution corridors to the Northeast,” Tag Birge, first vice president and Midwest regional director of Lauth, tells GlobeSt.com. “Lauth identified this site for its easy interstate access and lack of heavy congestion that plagues the distribution parks a few miles away.”

The building facility features cross-dock bulk distribution facility with more than 120 dock doors, 32-foot clear height and parking for up to 400 trailers. Construction is expected to be completed by May 2009, according to Birge.

Even with a slumping economy and costs of construction and fuel prices rising, building is going as planned. “We are confident the market will support this development. Given the initial interest in the buildings we believe now is the perfect time to begin construction on the first of the three buildings at Key Logistics Park,” says Birge. “The Central Pennsylvania industrial market continues to grow due to its strong infrastructure and proximity to 40 million consumers within a four-and-a-half hour drive.”

The new construction does not have tenants as of now. For leasing services, Key Logistics Park is using the Greater Philadelphia CB Richard Ellis Inc. Harrisburg Industrial Brokerage team of senior vice presidents Patrick Lafferty and Michael Hess and senior associate Bart Anderson.

“Key Logistics’ highway visibility, easy access and advantageous tax climate makes this site ideal for tenants seeking a Central Pennsylvania location without the traffic hassles and congestion at other nearby locations,” Hess says in a release. “We are already receiving strong interest in these buildings despite the fact Lauth is breaking ground just today.”

After the first building is completed at Key Logistics Park, Lauth will construct two other similar facilities with tentative 954,000-sf and 909,000-sf floorplans. Information about the construction dates of the other two buildings was not provided.

“Building One is being built speculatively,” says Birge. “Buildings Two and Three at Key Logistics Park will be built based on market demand or on a build-to-suit basis.”

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.