Work has begun on a speculative industrial building here, a joint venture by Trammell Crow Company and Clarion Partners. A 677,088-square-foot Class A building is scheduled to be completed by next spring.
The warehouse is going up on a 40-acre site within Lehigh Valley Industrial Park VII, a master-planned business park off Interstate 78. Once home to Bethlehem Steel, the park is now a designated Local Economic Revitalization Zone. That means new construction projects are eligible for up to ten years of municipal, school and county tax relief. The Park is also home to the Bethlehem Intermodal Terminal.
The new building at 2485 Commerce Center Boulevard will have 32-foot clear height ceilings, 190-foot-deep truck courts, ESFR sprinkler systems, state-of-the-art logistical infrastructure and abundant parking, according to the developers.
“We believe that the Lehigh Valley is one of the most sought-after industrial markets in the entire country and this location within the Valley is exceptional,” said Andrew Mele of Trammell Crow Company’s Northeast Metro business unit. “We are pleased to be delivering this project at a time when supply is limited and demand is strong.”
“We believe the project will play an important role in driving additional business and job growth in the city of Bethlehem,” said Dayton Conklin of Clarion.