June 19, 2020 Comments Off on Logistics Facility Trades in PA’s I-78/I-81 Corridor Views: 567 National News, Northeast, Pennsylvania

Logistics Facility Trades in PA’s I-78/I-81 Corridor

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CBRE today announced the sale of LogistiCenter at 33, a 475,800-square-foot e-commerce facility in Easton, PA.

Michael Hines, Brad Ruppel, Brian Fiumara and Lauren Dawicki of CBRE National Partners spearheaded the marketing campaign and negotiated the sale transaction on behalf of the seller, a partnership which included PCCP, LLC.

The facility was completed in 2016. The site’s design is ideal for optimization of high-throughput utilization, with two points of ingress/egress, full building circulation and substantial car and trailer parking on a 32-acre site.

“The I-78/I-81 industrial corridor, and specifically the Lehigh Valley, continues to demonstrate all of the fundamental requirements to make it a primary logistics destination for global tenancy and institutional capital alike,” said Hines.

The property is 100% occupied by Radial, Inc., an e-commerce third party logistics provider with 19 fulfillment centers across the U.S.

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