Posts Tagged: lehigh valley

Lehigh Valley Distribution Center Sells for $201.5 Million

A recently built 1.03 million-square-foot distribution center in Pennsylvania’s Lehigh Valley has sold for $201.5 million, ranking it as the priciest single-property industrial deal for the market, according to CoStar data. The industrial facility is located within the master-planned Rockefeller Group Logistics Park at 951 Willowbrook Road in Northampton, a borough about 6 miles north… Read more »

CenterPoint enters Lehigh Valley industrial market with $200M purchase

An Illinois owner of industrial real estate has entered the Lehigh Valley market with a $201.5 million purchase of 951 Willowbrook Road, a 1.03-million-square-foot warehouse-distribution center in Northampton. CenterPoint Properties has been expanding its core presence in the Northern New Jersey and New York industrial market and the Lehigh Valley has been a target market…. Read more »

Nike Is Coming to Bethlehem, Pennsylvania

Nike Lehigh Valley

One of the largest clothing companies on the planet is coming to the Lehigh Valley. Nike has leased over 1 million square feet at 3633 Commerce Center Blvd. in the Majestic Bethlehem Center, an industrial park that was developed on top of an old Bethlehem Steel plant in Bethlehem, Pennsylvania. The campus has become one of Lehigh’s… Read more »

MINIMIZING RISK IN SELLING OR DECOMMISSIONING INDUSTRIAL PROPERTY UNDER ISRA

In an improving economy, industrial property can change hands frequently. In a declining one, industrial property owners may be forced to wind up operations and close the facility. If you own or intend to purchase or shut down an industrial facility in New Jersey, pay particular attention to the provisions contained in the state’s Industrial Site Recovery… Read more »