A Denver-based real estate firm bought industrial land in South Whitehall Township for $2.5 million with plans to erect three buildings on spec.
The firm, Black Creek Group, bought the vacant land from Partners Profit Group, according to Lehigh County property records. The land, covering more than 16 acres, is at 1430 Eck Road near the intersection with Crackersport Road.
Black Creek Group is planning to fill it with three buildings totaling 907,000 square feet. Once complete, they would bring Black Creek’s Lehigh Valley footprint to about 3.5 million square feet, according to Dave Fazekas, Black Creek Group’s senior managing director for the eastern region.
“Having great success investing in the Lehigh Valley market over the past decade, we are continually looking for unique investment opportunities such as this one,” Fazekas said in a statement.
Black Creek will be hiring a third-party general contractor for the development, which will begin later this summer and should finish in the second quarter of 2020.
Mike Adams, senior vice president of NAI Summit of South Whitehall Township, was the sole broker in the sale.
Jon Gelman, industrial specialist for Gelcor Realty, is handling leasing to tenants.