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Colliers Reps TwinMed in Optimization of Medical Supply Distribution Network

1198FeatherWay_1536x1040Hero

New 189K SF Lease Completes First Building of Steel City Trade Center Development

April 14, 2020 [Bethlehem, PA] – The Colliers International Logistics and Transportation Solutions team of Mark Chubb, Michael Zerbe, Summer Coulter have successfully assisted TwinMed in the leasing of 189,721 square feet of modern industrial fulfillment space at 1198 Feather Way in the newly constructed Steel City Trade Center, a state-of-the-art Class A logistics facility jointly developed by Trammell Crow and Clarion Partners.

TwinMed is the largest medical supply distributor solely focused on the post-acute care market, providing products throughout the United States within one day from a network of efficient, well stocked facilities. 1198 Feather Way represents a consolidation and expansion of TwinMed’s existing Lehigh Valley and Northern New Jersey operations, joining thirteen other sites across the country servicing skilled nursing facilities, assisted living facilities, home care, hospice and durable medical equipment providers. 

As a major supplier of personal protection equipment (PPE) the firm was granted a waiver in the early days of the global coronavirus pandemic to allow the completion of construction for the facility. TwinMed plans to take occupancy tomorrow, April 16th.

“Feather Way’s quick access to I-78 made the location a logical choice for TwinMed as it allowed more efficient access to their client base while offering significant savings through the consolidation of the two operations.”  said Mike Zerbe Senior Managing Director of Colliers International. 

The Steel City Trade Center is a speculative development comprised of two distribution buildings – recently completed 1198 Feather Way and 1200 Feather Way which will offer another 294,240 square feet of opportunity when completed later this year. The project is near Exit 67 off Interstate 78 in the Lehigh Valley Industrial Park VII at the Bethlehem Commerce Center, site of the former Bethlehem Steel Corporation plant, a prime Lehigh Valley location. LERTA benefits attached to the site offer up to $1.9M in occupancy savings over a ten-year period. 

The transaction was completed in coordination with Christopher Volkert of the Colliers Chicago industrial team. Steel City Trade Center was represented by Vincent Ranalli of CBRE in the transaction. 

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A photo of the site as construction was underway. Photo Credit: CBRE

 

For more information, contact the Colliers logistics 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 real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment.  Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn

 

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Related Experts

Mark Chubb

Senior Managing Director | Conshohocken

Conshohocken

Mark is co-leader of Colliers Logistics & Transportation Solutions Group based out the Philadelphia Regional Market. The team focuses on providing advisory services to both occupiers and owners of bulk warehouses, fulfillment and distribution facilities. Locally, they provide extensive coverage in Eastern Pennsylvania, Delaware, Northern Maryland and Southern New Jersey.

Beyond his regional market, he advises corporate occupier clients on real estate strategy and procurement of sites or facilities throughout North America. He has represented many prominent organizations on both the tenant/buyer and landlord/seller side of the transaction, with projects totaling over 25 million square feet of space in the past 5 years.

Mark serves on the national steering committee of Colliers International's Logistics & Transportation Solutions Group. The group is a national group of industry leaders that focus exclusively on providing real estate services to the users of logistics facilities.

Mark focusses on providing creative, market based solutions to his clients needs with an emphasis on reducing occupancy costs and limiting risk.

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Michael Zerbe

Senior Managing Director | Conshohocken

Conshohocken

Michael Zerbe is a Senior Managing Director & Principal within Colliers and is a member of Colliers Logistics and Transportation Services Group.

He specializes in assisting consumer products companies and third party logistics companies with distribution centers across the country.  He also focuses on large distribution centers along the I-78, I-81 and I-80 corridors, representing clients in the acquisition, disposition and development of industrial real estate.

Michael has extensive experience in many facets of the real estate process including site selection analysis and ground-up development including entitlement and incentive procurement, property valuation, and transactional negotiations.

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Summer Coulter

Executive Vice President

Conshohocken

Summer Coulter joined Colliers in 2010 after 4 years with CB Richard Ellis. Summer specializes in landlord and tenant representation, as well as acquisitions and dispositions of industrial ground, formerly in the Inland Empire industrial market, now in the Eastern Pennsylvania industrial marketplace.

In addition to a long list of institutional clients represented on leasing and building sales, Summer focuses largely on sourcing and selling land for future industrial development. Over the course of her career, Summer has sold over 2,400 acres of on and off-market development opportunities resulting in over 36MM square feet of industrial buildings. Summer specializes in institutional quality developments, and has sold property to clients such as Prologis, Duke Realty, Clarion Partners, Trammell Crow, Watson Land Company, Seefried, Sares Regis Group, NFI, Goodman, Panattoni, and Cabot Properties.

Ms. Coulter’s extensive experience includes a substantial geographic area, spanning both coasts. Summer has successfully completed various types of transactions ranging from multiple owner assemblages, property re-zones, properties with environmental challenges, sale-leaseback transactions, and manufacturing re-development opportunities.


Ms. Coulter’s extensive experience includes a substantial geographic area, spanning both coasts. Summer has successfully completed various types of transactions ranging from multiple owner assemblages, property re-zones, properties with environmental challenges, sale-leaseback transactions, and manufacturing re-development opportunities.

View expert