2C — September 11 - 24, 2015 — Pennsylvania — M id A tlantic
Real Estate Journal
Industrial facility at 4200 E. Braden Blvd. in Forks Twp. Dermody Props and PCCP announce plans for 475,800 s/f dev. F ORKS TWP., PA — DermodyProperties , a national industrial
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development and operating company headquartered in Reno, NV., and PCCP , an integrated real estate finance and investment management firm, recently announced plans to develop a 475,800 s/f industrial facility at 4200 E. Braden Blvd. in Forks Twp. in Lehigh Valley. Dermody Properties will start construction on the facility, known as Logisti- Center at 33, in the fourth quarter of 2015 and expects to complete construction in mid-2016. Upon completion, LogistiCenter at 33 will fea- ture 36 feet of clear height, 226 car parking spaces and 85 trailer parking spaces. “Lehigh Valley is a highly desirable industrial market,” said Gene Preston , partner, Dermody Properties East Re- gion Office. “We look forward to expanding our presence there with the addition of a state-of-the-art industrial facility at the site in Forks Twp.” LogistiCenter at 33 is ide- ally suited for warehouse, distribution and manufactur-
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4200 E. Braden Blvd.
ing operations. The facility is centrally located in the heart of Lehigh Valley near such corporate neighbors as Wey- erhaeuser, Crayola, Victaulic and Mondelez, and is within minutes of Interstate 78 and Rte. 33 via the new Main St. interchange just west of the site. Dermody Properties is the industrial developer and op- erating partner, and PCCP is the financial partner on the project. “PCCP sees this as a com- pelling opportunity to devel- op a class A industrial facility with Dermody Properties, a best-in-class developer,” said John Randall , managing
director with PCCP. “Addi- tionally, the local industrial market incorporates all of the key fundamentals that promise to attract large user interest. Our goal is to pre- lease the property prior to completion of construction.” “Dermody Properties has been developing facilities for lease and build-to-suit in the Pennsylvania markets for many years,” said Doug- las Kiersey, Jr ., president, Dermody Properties. “We are pleased to expand our investment in this market, and specifically in Lehigh Valley, with the addition of LogistiCenter at 33 to our portfolio.” n
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