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The Colliers Logistics Team Concludes 4 MSF of Deals in Three Months

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Those Summer Days in Eastern Pennsylvania Big Box

September 4, 2019 [Eastern PA] – The Colliers International Logistics and Transportation Solutions team of Mark Chubb, Michael Zerbe, Summer Coulter continues to illustrate expert knowledge of the Eastern PA industrial logistics hub to owners and occupiers with over 4 MSF and 190 acres in transactions in the vicinity between Memorial Day and Labor Day 2019. In the fast-paced logistics and warehousing/fulfillment “big-box” real estate sector – there is no summer slowdown! 

Eastern Pennsylvania had a very strong second quarter in terms of leasing activity and the Colliers team’s new leases accounted for a third of all Q2 new occupier activity in the EPA market.  

Owner / Tenant
OR Buyer / Seller 
Address Size Deal Type Represented
Akzo Nobel / NorthPoint
Development
1290 S Dupont Highway
New Castle DE
190 Acres (2 MSF) Land Sale Seller
Exeter Property Group /
Undisclosed
801 Centerville Road
Newville, PA
1,138,320 Lease Tenant
NorthPoint / Undisclosed 1290 S Dupont Highway
New Castle, DE
1,002,841 Lease Landlord
Prologis / Bridgestone
2869 Route 22
Fredericksburg, PA
550,000 Renewal/Extension Tenant
Majestic Realty / Cal Cartage 3051 Commerce Center Boulevard
Bethlehem, PA
538,650 Renewal/Extension Tenant
Global Logistics Properties /
Pureland
2239 High Hill Road
Bridgeport, NJ
273,333 Renewal/Extension Tenant
Endurance Real Estate Group / 
CarbonLite
Berks 81
Muhlenberg Township, PA
270,000 Lease Tenant
Prologis / Undisclosed 1501 Distribution Drive
Carlisle, PA
208,000 New Lease Landlord
First Industrial / Ring Container 
Technologies
16522 Hunters Green Parkway
Hagerstown, MD
28,022 Expansion Tenant

 

For questions or expert commentary contact the team:

Mark Chubb
Senior Managing Director
+1 610 684 1862
mark.chubb@colliers.com

Michael Zerbe
Senior Managing Director
+1 610 684 1853
michael.zerbe@colliers.com

Summer Coulter
Senior Vice President
+1 610 684 1861
summer.coulter@colliers.com

                             

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About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. 

Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn

 

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