Real Estate Journal — Pennsylvania — October 12 - 25, 2018 — 15C
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Construction commences on first of two Allen Township industrial buildings Joint venture of Rockefeller Group and PCCP breaks ground on 1.3 million s/f distribution hub
LLEN TOWNSHIP, PA — Rockefeller Group , along with joint venture partner PCCP, LLC has broken ground on the first of a two-building 1.3-mil- lion s/f distribution center in Allen Township. Construc- tion has commenced on the 1-million s/f building at Rock- efeller Group Logistics Park, with construction for a second 290,788 s/f building expected to begin later this year. It is anticipated that both build- ings will be completed by sum- mer 2019. "Rockefeller Group is ex- cited to begin construction on Rockefeller Group Logistics Park as we expand our indus- trial development portfolio to Pennsylvania,” said Brandi Hanback , executive vice pres- ident and head of industrial development for Rockefeller Group. “The Lehigh Valley has emerged as a new source for companies with large space requirements that also benefit from proximity to the region’s major consumer bases.” Located in the heart of the Lehigh Valley, Rockefeller Group Logistics Park is situ- ated two miles from Lehigh Valley International Airport, which offers both air cargo and passenger service, and is three miles from Route 22, offering toll-free access to Port Newark/ Elizabeth via Interstate 78. Furthermore, the site is located within a day’s drive to one-third of all U.S. consumers and one- half of all Canadian consumers. One of the largest logistics hubs in the U.S. is adjacent to the property. “In addition to its exceptional location, Rockefeller Group Lo- gistics Park will comprise next- generation industrial product that is being built to accommo- date the advanced needs and rapid growth of today’s users,” said Johanna Chervak , direc- tor of real estate development for Rockefeller Group’s NJ/PA Region. “We expect these spec- ulative distribution buildings to attract e-commerce companies looking to reach consumers in a timely manner and we are al- ready beginning to see interest, even before walls are tilted.” “Rockefeller Group Logistics Park sits within one of the fast- est-growing areas of Pennsyl- vania, surrounded by a robust and diverse labor pool, as well as amenity-rich communities,” said Torosian. Kossar added, “For some in- A
dustrial users, the New Jersey market is not as viable due to high pricing and limited space and the Lehigh Valley offers these companies an ideal alter- native with a similar quality of development, location, and labor access.” The joint venture’s 1-mil- lion s/f building will include a 40-foot clear height, 509 car parking spaces, 179 loading cross loading dock doors, and 349 trailer parking spaces. The 290,788 s/f building features a 36-foot clear height, 241 car parking spaces 38 dock doors, and 55 trailer parking spaces.
Rockefeller Group Logistics Park rendering
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