While a decline in spec development would signify there’s less demand for space and less confidence in the market, CBRE reported strong demand based on interest from those tenants looking for larger space.
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Report: Strong demand for cold storage poses challenges for developers
A new report by real estate firm CBRE said developers and investors are grappling with the specialized requirements needed to build new cold storage warehouses.
Read More »Beverage manufacturer to invest $200M in new Lehigh Valley site
Park 100 Logistics Center, a two-building industrial site under construction near Route 100 in Upper Macungie that once served as a Kraft-Heinz plant, will soon be home to beverage maker Keurig Dr. Pepper.
Read More »Developer buys land for new industrial property off I-78
Dermody Properties, a private equity real estate investment, development and management company bought 9024 Old Route 22 in Bethel Township and is developing a new distribution center.
Read More »Construction starts on Steel City Trade Center
Two buildings are going up at 1198 Feather Way and 2020 Feather Way in Bethlehem, for a project called Steel City Trade Center.
Read More »New Forks e-commerce fulfillment center looking to hire up to 700 workers
A King of Prussia-based e-commerce logistics provider is opening a new fulfillment center in Forks Township that could end up employing more than 700 people – at least during peak seasons.
Read More »E-commerce pushes growth in I-78, 81 corridor
A second-quarter market report from real estate firm CBRE showed occupancy gains of 1.9 million square feet and $135 million in investments along the Interstate 78-81 corridor.
Read More »The changing world of warehousing, distribution and fulfillment
Today’s facilities related to e-commerce activities are striving to accommodate the increased demands of one-day delivery expectations. These demands mean warehouse, distribution and fulfillment center facilities need modifications, additions or upgrades of some form – now.
Read More »Developer starts construction on third industrial building in Milford Township
A Montgomeryville-based firm is building its third industrial property in Milford Township near Route 309 and the Pennsylvania Turnpike.
Read More »Transportation company announces 84 layoffs in Lehigh Valley, Central Pa.
A Kansas-based provider of rail crew transportation services is laying off 84 van drivers in Pennsylvania, including many in Central Pennsylvania and the Lehigh Valley, after losing a contract with Virginia-based rail giant Norfolk Southern Corp.
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