JLL Capital Markets closes $22.3 million sale of New Lehigh Valley warehouse facility in Hamburg, PA

New Lehigh Valley warehouse facility 
at 336 Logistics Drive in Hamburg, PA

 

 PHILADELPHIA, PA,  June 8, 2021 – JLL Capital Markets announced it has closed the $22.3 million sale of a new, 149,632-square-foot multi-tenant bulk distribution warehouse facility at 336 Logistics Dr. in the Lehigh Valley community of Hamburg, Pennsylvania.

 John Plower 

JLL marketed the property on behalf of the seller, a joint venture between The Keith Corporation and Kiel Group. TA Realty purchased the asset.

 336 Logistics Dr. is situated on 13.95 acres within Hamburg Commerce Park, which is in a strategic logistics location with excellent transportation infrastructure and connectivity to major population centers.

 

Situated just two miles south of Interstate 78 in Hamburg, the property is located along Route 61, providing north-south access to Reading.

 

 Additionally, the Lehigh Valley location places the asset in one of the most sought-after industrial markets in the country due to limited opportunities to purchase buildings and land.

 Pete Pittroff

Completed in 2020, the warehouse building features a 32-foot clear height, LED lighting, 24 overhead doors that are expandable to 33, two drive-in doors, ESFR fire protection and ample parking. 

The facility is fully leased to two tenants, S Walter Packaging and LTL Home Products.

 

The JLL Capital Markets team representing the sellers was led by Senior Managing Directors John Plower and Pete Pittroff and Director Ryan Cottone along with Senior Managing Director Jeff Lockard.

 

“336 Logistics Dr. represented a great opportunity to acquire a new generation warehouse within a master-planned industrial park,” Plower said.

Ryan Cottone

“Hamburg continues to see tremendous leasing velocity and an overwhelming demand from capital to gain control of product within this pocket of the Lehigh Valley market.”

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization.

 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

Jeff Lockard

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About The Keith Corporation

The Keith Corporation is a privately held, full-service commercial real estate firm. Headquartered in Charlotte, North Carolina, 

TKC has projects in 35 states, Mexico, Australia, Canada and the United Kingdom. 

Developing over $3 billion worth of commercial real estate over the course of 300 projects, totaling in excess of 27 million square feet for a highly diverse clientele, 

The Keith Corporation has developed a reputation based on its expertise, accountability and total client satisfaction on its projects.

 CONTACT

 Kimberly Steele

PR, Capital Markets

Agency Leasing and Valuation Advisory 

JLL

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