10B — December 2023 — Pennsylvania — M id A tlantic Real Estate Journal
www.marej.com
P ennsylvania
By Lou Pektor, River Pointe Commerce Park River Pointe Commerce Park: Bringing Manufacturing Back to Pennsylvania
O
nce home to iconic manufacturers like Bethlehem Steel,
Pointe Commerce Park aims to contribute to this success and meet the increasing com- plexity of requirements for this new era of industry. River Pointe Commerce Park is an 800+ acre, 16-building, master-planned industrial park strategical- ly located in Upper Mount Bethel, PA. With allowable building footprints of up to 1.5 million s/f and power infra- structure capable of meeting intense energy demands, the development offers the new generation of manufacturing everything the state's “legacy sites” cannot.
Strategically located along I-80 at the Pennsylvania/New Jersey border, River Pointe Commerce Park provides tenants with unparalleled transportation access to reach one-third of U.S. consumers within a one-day drive. On- site rail service via Norfolk Southern; proximity to mul- tiple International Airports with diverse cargo options in- cluding Lehigh Valley, New- ark, and Philadelphia, and easy access to Port Newark, and New York City creates an invaluable opportunity for users with complex supply chain requirements. Other site features, includ- ing heavy power capabilities, with connections at 115 kV and 230 kV; allowable build- ing heights up to 100 feet; and the ability to offer both sale and lease options, pro- vide companies the unique opportunity to build state-of- the-art facilities customized for their workflow. In addition to purpose-built infrastructure, the area is surrounded by a dense tal- ent pool to staff operations. Thanks to the dozen higher education institutions in the region churning out STEM and engineering graduates, as well as vocational pro- grams training precision machinists, welders, and more, the workforce stands ready to fuel growth across production sectors. Within a 30-minute drive, there are already over 47,000 employed in manufacturing-related occupations and 35,000 in transportation, warehousing, and logistics. With the region eager to welcome new business into the area, the property also benefits from Pennsylva- nia's LERTA tax incentive program, which phases in real estate taxes on improve- ments over 10 years to en- courage capital investment. Other programs, including the Foreign Trade Zone des - ignation, the Job Creation Tax Credit Program, and PA Code 32.32, which allows businesses engaged in manu- facturing and processing to take advantage of a sales tax exemption, will be available to eligible businesses. River Pointe Commerce Park stands as a beacon of progress for revitalizing man- ufacturing in both the Lehigh Valley region and the United States as a whole. MAREJ
Pennsylva- nia has the potential to reclaim its status as an industrial epicenter as companies look to re- shore opera-
Lou Pektor
tions. The Lehigh Valley is one of the nation's fastest- growing industrial markets with over 150 million square feet of product and a below- market vacancy rate. River
River Pointe Commerce Park rendering
River Pointe Commerce Park is a 700 + acre master planned park located along Interstate 80 at the PA/NJ border with 16 proposed building sites ranging from 43,200 - 1.508 million square feet.
• Lease, Sale or BTS • 67 Miles to NYC • Up to 100’ Height • 400 Gig Fiber • Heavy Power • Low Taxes • Foreign Trade Zone
LERTA Tax Abatement 50% Savings on RE Taxes
Heavy Utilities Ideal for Manufacturing
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65 Miles to Port Newark 1 Mile to I-80
Norfolk Southern Rail Service on Site
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For more info, contact: Eric Fishkin – Developer’s Representative O: 610.332.3300 | C: 301.302.6648 | efishkin@greystonecap.net
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