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HARRISBURG, PA-Reno, NV-based DP Partners, no stranger to spec-built industrial parks, has brought its one-year-old, 550,184-sf Building F to 93% occupancy. The building is located at its $160-million, 246-acre LogistiCenter at Carlisle, 15 miles west of Harrisburg.
Supplies Network, a division of St. Charles, MO-based Distribution Management Inc., has leased 73,377 sf on a long-term lease estimated by local brokers to be for at least 10 years. Colliers International puts the average rent for warehouse and distribution space in the Philadelphia metro market at $4.75 per sf, up 11.8% from 4.25 per sf in 2005.
The location will serve as the east coast distribution center for the16-year-old, privately owned wholesaler of computer, copier, fax and printer supplies. "Distribution is our core competency, and we needed a location that facilitated one-day and two-day delivery via UPS to our customers on the east coast," explains Rick Goe, vice president of supply-chain management for Supplies Network. The company has other regional hubs in Fresno, CA, Dallas and St. Louis.
Supplies Network's neighbors at Building F are Crown Bolt Inc. of Aliso Viejo, CA, a subsidiary of Atlanta-based Home Depot, which occupies 297,228 sf. The rapid lease up of Building F "represents the solid strength of the industrial market" (in Metro Philadelphia) and the significant acceptance of our high-end LogistiCenter brand facilities," says Stephen Bailey, DP Partners' Mid-Atlantic regional director. Building F has 60 truck docks with levelers, parking for 137 trailers and 245 cars, bay sizes averaging 52 feet by 50 feet, a 32-foot height ceiling, and an ESFR fire-suppression sprinkler system.
DP's first spec building, Building A, an 806,474-sf multi-tenant distribution facility at 1501 Distribution Dr., is 100% leased. The tenants are Ann Arbor, MI-based Borders Group Inc. and Kuehne + Nagel Inc. of Naugatuck, CT. Bailey says LogisticCenter at Carlisle provides quick access to the major markets of New York City, Philadelphia, Boston, New Jersey, Pittsburgh, Baltimore and Washington, DC.
"The accessibility of our location to transportation infrastructure, the quality of our buildings and our competitive pricing are attracting some of the largest companies in the supply-chain industry and justifies the development of our third and fourth spec buildings," Bailey says. The third spec facility, Building B, an 811,200-sf structure at 1301 Distribution Dr., and the fourth spec building, Building G, a 238,620-sf facility at 100 Allen Rd. are both under construction and scheduled for completion this spring.
When fully developed, LogistiCenter at Carlisle will accommodate up to seven buildings totaling four million sf and ranging from 231,000 sf to 1.4 million sf. Bailey says there are development sites available within the park from 11 acres to 74 acres. DP Partners has been developing industrial properties since 1960.
W. Jason Grace, sales and leasing director in the Camp Hill office of Harrisburg-based Landmark Commercial Realty Inc., negotiated the lease for Supplies Network. Representing DP Partners were Bailey, Michael Alderman, leasing director for his company's Mid-Atlantic Region, and Eric Scott, development manager.
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