Joint-venture partners Trammell Crow Co. and Clarion Partners have broken ground on a 677,088-square-foot speculative industrial building in Pennsylvania’s Lehigh Valley.
The building on a 40-acre infill site at 2485 Commerce Center Blvd. within Lehigh Valley Industrial Park VII, a master-planned business park less than two miles from Interstate 78 in Bethlehem, is scheduled for completion next spring.
The industrial park, formerly home to Bethlehem Steel, is designated as a Local Economic Revitalization Zone (LERTA), providing municipal, school and county tax relief on new construction for up to 10 years.
The building will feature 32-foot clear height, 190-foot-deep truck courts and ESFR sprinkler systems.
The Lehigh Valley is one of the most sought-after industrial markets in the entire country, with strong demand and limited supply, said Andrew Mele, senior vice president with Trammell Crow’s northeast regional office.
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