12-22-17

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Master plan was developed in conjunction with Snyder Secary & Associates MRP Industrial breaks ground on 1.9 million s/f industrial park

ISSUE HIGHLIGHTS Volume 29, Issue 24 Dec. 22 - Jan. 11, 2018

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spective, tenants will benefit from the involvement of two highly experienced, high-profile real estate organizations with deep roots in New Jersey’s suburban markets,” Chomik added. Vision Real Estate Part- ners is recognized for accom- modating the needs of major corporate space users in the Garden State. The Columbia Rd. campus will serve as a benchmark for custom, state-of-the-art work- places focused on promoting collaboration and sustainabil- ity. “This is not just a develop- ment opportunity – it is the development opportunity,” said Vision Real Estate Partners’ Sam Morreale , founder and managing partner. “Fortune 500 companies looking to build the type of experiential work- places that attracts today’s Millennial and Generation Z professionals need look no further.” n to create over 1,500 full time jobs in Berks County. “Hamburg Logistics Park’s lo- cation is another example of the continued growth of the Lehigh Valley Industrial Market. This unique location provides access to Reading’s dense workforce population with public trans- portation along Rte. 61”, said Jeff Lockard , VP with JLL who represents the project on behalf of MRP Industrial and Hillwood. “In addition to its proximity to a valuable labor pool, the park will provide con- venient access to the region’s major third party parcel ship- ping hubs, responding to steady demand for both traditional distribution requirements and direct to consumer fulfillment operations.” The master plan was de- veloped in conjunction with Snyder Secary &Associates, Inc. , the civil engineering firm based in Harrisburg. Ware Malcomb will serve as the architect for the project. The Conlan Co. will serve as the general contractor. n

AMBURG, PA — MRP Industrial , in a joint venture with

SPO TLIGHTS

illwood , has recently ac- quired and begun construction onHamburg Logistics Park. The 165-acre project is approved for three buildings of 1,900,000 s/f in Hamburg, Berks Cty. along the I-78 corridor in the Lehigh Valley West submarket. “MRP Industrial is excited to announce the groundbreaking of Hamburg Logistics Park,” said D. Reid Townsend , prin- cipal of MRP Industrial. “Lo- cated just eight miles north of Reading, Hamburg Logistics Park is master planned to accommodate a wide range of distribution requirements within a 30-minute Dr. time to the workforce of both Reading and Allentown, the two largest cities in the Lehigh Valley.” The campus-style setting will include over 92 acres of land- scaped area with about 2 mil- lion s/f of buildable area. Residing on the former Perry Golf Course, Hamburg Logis- tics Park is located three miles

ANNUAL REVIEW

Section C

Section B INDUSTRY LEADERS

Hamburg Logistics Park

south of I-78, Exit 29 along a four-lane divided highway (Rte. 61). The highway system provides convenient andmultidirectional access to cities such as New York, Philadelphia, Baltimore and Washington DC. Due to its centralized location in Eastern Pennsylvania, future tenants will be able to reach 40% of the United States’ population within a day’s drive. Phase 1 of construction in the park includes the speculative development of 101 Logistics

Dr. and 201 Logistics Dr. 101 Logistics is a 336,000 s/f, class A single loaded distribution center scheduled for delivery in 3Q 2018. 201 Logistics is a 1,240,000 s/f, class A cross dock distribution center with expect- ed delivery in 4Q 2018. When completed, 201 Logistics Dr. be the largest speculative building ever developed in Eastern PA. Phase 2 of construction will include the development of 301 Logistics Dr., a 324,000 s/f class A facility. When fully devel- oped, the project is anticipated

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Vision Real Estate Partners JV acquires Morris County, New Jersey 715,000 s/f development site

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UPCOMING 2018 CONFERENCES For more info. on speaking, sponsorship & attendance please contact: Lea at 781-740-2900 or lea.christman@marejournal.com

MORRIS TWP., NJ — In a strategic play that will in- troduce up to 715,000 s/f of premier, build-to-suit corporate headquarters opportunities, Vision Real Estate Part- ners and a partner firm have acquired a key Morris County

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Morris County development site aerial

everything today’s corporate tenants want: access to vibrant downtown amenities; richmass transit infrastructure; and a deep, highly educated labor pool of experienced profes- sionals in tech, pharma and other key growth industries,” said Vision Real Estate Part- ners’ Ross Chomik , managing partner. “From a development per-

development site. The firms this fall purchased 64 acres of the former Honeywell head- quarters campus on Columbia Rd. in Morris Twp. Approved for office, research and laboratory development, the Columbia Rd. property offers proximity to downtown Morristown, and major re- gional thoroughfares. “In terms of location, this site offers

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