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Endurance Takes 188,500 SF in Lehigh Valley

NAZARETH, PA-Under a partial leaseback deal, S&L Plastics sells its 2860 Bath Pike property for $6.6 million and retains 68% of the space.

By Marita Thomas | Updated on July 13, 2007

(Read more on the industrial market.)

NAZARETH, PA-An affiliate of Endurance Real Estate Group LLC has acquired the 188,500-sf manufacturing and warehouse facility at 2860 Bath Pike from S&L Plastics, which will continue to occupy 68% of the space under a long-term lease. This marks Bala Cynwyd-based Endurance’s entry into the Lehigh Valley.

Benjamin Cohen, president of Endurance, tells GlobeSt.com it paid $6.6 million for the asset. He also says his company hopes to acquire additional properties in this area. S&L is the original occupant of the building, which was expanded to 78,500 sf in four stages between 1955 and 1995, and expanded by another 110,000 sf in 2001.

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