Annapolis, Maryland-based Realterm, a global operator of logistics real estate for the transportation industry, said it has acquired a fully leased, 44.98-acre secured parking and maintenance facility located at 1245 Easton Road in Bethlehem.  

Crow Holdings Industrial, the industrial development company of Dallas-based Crow Holdings, purchased a 60-acre property in November from the Greater Berks Development Fund (GBDF), the economic development arm of the Greater Reading Chamber Alliance.

CBRE reports that it arranged the sale of the nearly 2.4 million-square-foot Rausch Creek Logistics Center in Valley View to California-based Panattoni Development Co.

The overwhelming demand for light industrial and warehousing space along the I-78/I-81 corridor should last through the end of the year and likely beyond, said Vince Ranalli, executive vice president for CBRE.

As demand for light industrial and logistics facilities continues to outpace available space, developers are making changes to the plans for River Pointe Commerce Park in Upper Mount Bethel to meet that demand.

A logistics provider to the fashion industry is moving into the newly developed Bridge Point 78 in Phillipsburg, New Jersey.

Commercial real estate experts were expecting 2020s industrial development boom to continue, but Mike Hess, senior vice president of CBRE in the Harrisburg office said industrial development along the I-78/I-81 corridor was even stronger than expected during the first quarter of the year.

Lehigh Carbon Community College in Schnecksville said it is working with Amazon on a training program aimed at preparing apprentices for careers in advanced manufacturing.

Despite the pandemic, or in some ways even because of it, commercial real estate demand was strong along the Pennsylvania I-78/I-81 corridor, exceeding the demand over the prior year and driving up commercial real estate leasing rates to record highs.

Colliers said that it acquired 74.4 acres of land at 2130 Allentown Road near Lansdale on behalf of real estate developer Core5 Industrial Partners of Atlanta.