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Half of 800,000-SF Spec Warehouse Fills

LEWISBERRY, PA-One tenant inks a 10-year lease for 412,500 sf in Liberty's newly completed warehouse/distribution facility in Fairview Business Center.

By Marita Thomas | Updated on March 26, 2007

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

LEWISBERRY, PA-One tenant has inked a 10-year lease for 412,500 sf, or more than half of the newly constructed 800,000-sf distribution/warehouse facility just completed by Malvern-based Liberty Property Trust. The tenant, which asked not to be identified pending notification of its employees, will move in this May.

The building is located at 600 Industrial Dr. in the Fairview Business Center and was constructed on spec. Troy Briggs, Liberty’s director of leasing and development for the Lehigh Valley/Harrisburg region, declined to disclose the value of the lease. He tells GlobeSt.com the asking rental rate for the remaining 387,500 sf is $4.25 per sf triple net, and lease negotiations are under way.

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