Search
 

BAX Global Takes New Spec Building to 100%

JESSUP, PA-The worldwide logistics supplier's 64,750-sf lease joins Armor Holdings to fill Seven Alberigi Dr., a newly completed 165,750-sf warehouse in Jessup Small Business Center.

By Marita Thomas | Updated on October 06, 2006

(To read more on the industrial market, click here.)

JESSUP, PA-BAX Global has signed a lease for 64,750 sf at Seven Alberigi Dr. in Jessup Small Business Center. This agreement takes occupancy in the 165,750-sf spec warehouse facility just completed by Chicago-based Verus Partners to 100%.

Joe McDermott, SVP, and Vincent Ranalli, associate in the Wayne office of CB Richard Ellis, represented the Irvine, CA-based BAX. Bill Wolf, SVP in CBRE’s Allentown office, represented Verus. The value and terms of the lease are undisclosed. Ranalli tells GlobeSt.com the asking rent rates for class A warehouse/distribution space in this area near Scranton “range between $4.25 per sf and $5 per sf, depending on TIs and other factors.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.