Easton online retailer Luxury Lane is expanding its footprint with a 40,000-square-foot industrial building that will be constructed in Bethlehem Township.
Polaris Dozen LP, a division of North Star Construction Management Inc. of Upper Macungie, spent $1.2 million to buy property in Lehigh Valley Industrial Park VI. It plans to build a warehouse for Luxury Lane, an outerwear store that specializes in leather, suede, cashmere and wool coats, jackets and blazers for women and men.
Mike Adams, vice president of NAI Summit in South Whitehall Township, represented the buyer in the sale of Lot 9 on Baglyos Circle, next to General Supply Co., in the industrial park.
Luxury Lane plans to keep its facility at 51 Hilton St. in Easton up and running, according to Adams.
The company has about 10,000 square feet at its Easton location and needed more space, Adams said.
Lehigh Valley Economic Development Corp. worked with Luxury Lane and the federal government to secure financing for the project and will administer the Small Business Administration's 504 loan program, said John Kingsley, vice president of finance for LVEDC. The agency will not close on the loan until the project is completed, he added.
The total project cost is $4.48 million, and LVEDC helped finance $1.79 million for the project.