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J&J's $100M BTS Launches Arcadia North

TOBYHANNA, PA-A 1.4-million-sf spec facility will follow Clayco's 1.4-million-sf distribution facility, which is leased long term to J&J Sales & Logistics.

By Marita Thomas | Updated on March 07, 2007

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

TOBYHANNA, PA-The majority, nearly three million sf, of distribution/warehouse capacity in the 600-acre Arcadia North Business Park is spoken for. The park has capacity for approximately 3.5 million sf, and St. Louis-based Clayco Realty Group has broken ground for a 1.4-million-sf build-to-suit, which is leased long term to Johnson & Johnson Sales and Logistics Co. LLC.

Bethlehem-based Arcadia Properties LLC sold 100 acres to Clayco for an undisclosed price. The completed project is valued at $100 million, according to a statement from Arcadia. The tenant is the logistics arm of the Brunswick, NJ-based Johnson & Johnson pharmaceutical firm. David Moses, EVP and partner of Clayco, confirms the value and says the plan allows for an additional 200,000 sf. He tells GlobeSt.com the building is 50% complete and expected to open by year-end.

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