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Denholtz Buys 2 Lehigh Valley Flex Facilities

PHILADELPHIA-The Rahway, NJ-based developer adds a 96,235-sf office/warehouse building in Fogelsville, PA and another 64,800-sf property in Allentown, PA to its portfolio. Both are 100% leased. Holliday Fenoglio Fowler arranges financing.

By Marita Thomas | Updated on September 23, 2002

PHILADELPHIA-Rahway, NJ-based Denholtz Associates has acquired two fully leasedoffice/warehouse flex buildings in the Lehigh Valley for an undisclosed price. They total 161,035 sf.

The largest of the properties is a 96,235-sf office/warehouse at 7036 Snowdrift Rd. on the Iron Run Campus in Fogelsville, PA. It has access to I-78. The building is fully leased to Asea Brown Boveri Inc., Packaging Corp. of America, and Tri-Dim Filter Corp.

The second property is a 64,800-sf office/warehouse facility at 969 Postal Rd. in Lehigh Valley Industrial Park III in Allentown, PA. It is adjacent to Lehigh Valley International Airport and near the intersection of Airport Rd. and Route 22. The building is also 100% leased to Harvey Industries, Federal Express Corp., Drake Bakeries, and PECO Adelphia Communications.

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