S hopping C enters P ennsylvania F eaturing C entral P ennsylvania
M id A tlantic Real Estate Journal — Pennsylvania — February 2023 — 11B
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JLL Capital Markets closes sale of 800 Willowbrook Road to Link Logistics Rockefeller Group sells 453,600 s/f warehouse in Lehigh Valley for $91M
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the heart of the Lehigh Valley Industrial market, 800 Wil- lowbrook Rd. is located off Rte. 22 offering connectivity to In- terstate 78 and the region’s ex- pansive highway network. This accessibility allows tenants to reach 40% of the U.S. popula- tion within a day’s drive and 50% of all Canadian consum- ers. The property is adjacent to the largest FedEx Ground Hub in the United States while also providing proximity to rail services from Norfolk South- ern and CSX, Port Newark Elizabeth Marine Terminal, PhilaPort, Lehigh Valley Inter- national Airport and Newark Liberty International Airport. The JLL Capital Markets In- vestment Sales Advisory team representing the seller was led by John Plower, Ryan Cottone and Zach Maguire, alongside their partners on the industrial brokerage team, led by Paul Torosian and Jeff Lockard . MAREJ
ORTHAMPTON, PA — JLL Capital Markets , working on
behalf of Rockefeller Group , announced that it has closed the $91 million sale of 800 Willowbrook Rd., a class A warehouse/distribution prop- erty totaling 453,600 s/f in Northampton. JLL represented the seller, Rockefeller Group, in the sale to Link Logistics. “Rockefeller Group is excited to have completed the sale of the final building at Rockefell- er Group Logistics Park and looks forward to developing more projects in Lehigh Valley in the future,” said Zac Csik , HI-LIGHTS NAI CIR's Alderman team sells 20,812 s/f office building in Swatara Township
800 Willowbrook Rd.
vice president, Rockefeller Group NJ/PA Development. “It was a pleasure working with the teams at JLL and Link Logistics on the project as Link continues to grow its portfolio
in the Northeast.” Rockefeller Group Logis- tics Park includes three logistics buildings totaling 1.8 million s/f. Completed in 2022, the cross-
dock distribution facility fea- tures 36’ clear heights, four drive-in doors, 90 dock doors, 59 trailer stalls and 264 auto parking spaces. Positioned on 36 acres in
Mediplex Property Group begins construction on new medical office building in Newtown, PA
NEWTOWN, PA — Me- diplex Property Group (MPG) has begun a build- to-suit renovation on a sin- gle-story, 12,800 s/f build- ing at 101 Pheasant Run Rd. in Newtown. Upon com- pletion in late 2023, Medi- plex Newtown will house a combination of outpatient healthcare modalities, in- cluding: clinical offices, a physical therapy center, im- aging facilities, and related procedure rooms. Situated in the presti- gious Newtown Business Commons, Mediplex New- town is strategically located on approximately two acres near the interchange of I-295 and the Newtown Bypass (PA Rte. 332). Pre-leased in its entirety to an internationally renowned specialty medical practice, Mediplex Newtown is the latest addition to MPG's growing portfolio of health- care focused real estate. The project was designed by
CAMPBELL completes lease renewal/ expansion in Mechanicsburg 13B
14B
ALSO INSIDE Central PA..................12-15B People on the Move....... 16B
101 Pheasant Run Rd. rendering serviced by Axis Construc- tion Management of King of
Linn Architects of Media, PA and construction is being
Prussia. OceanFirst Bank is providing financing. MAREJ
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