A Denver firm has selected the Lehigh Valley once again to develop its latest industrial property, primed to take advantage of its proximity to Route 22.
Penntex Construction Co. of Blue Bell is the general contractor building the 514,000-square-foot logistics facility on Brodhead Road in Bethlehem Township for Black Creek Group, a Denver-based real estate investment manager.
The firm said Thursday it has $18.2 billion in development and acquisitions and views the Lehigh Valley industrial market as a key logistics area.
“Black Creek Group has been a very active developer and investor in the Lehigh Valley over the last eight years,” said David Fazekas, managing director for the Eastern Region of Black Creek Group, in a statement. “Currently Black Creek Group owns approximately 2 million square feet in the area.”
The building will include energy efficient light-emitting-diode light fixtures both in the interior of the building and on the exterior.
Ware Malcomb of Woodbridge, N.J. designed the project.
The project should be complete during the second quarter of 2019.
John Van Buskirk of Lee & Associates of Eastern Pennsylvania LLC is leasing the facility.
“There has been considerable interest in the project thus far, and we anticipate this to only increase as construction progresses,” Fazekas said. “The building has a flexible design that is well-suited for both single-tenant or multi-tenant configurations for warehousing and distribution use.”
The company did not disclose the estimated construction cost.