Dirt Moves on 315,000-SF Spec Warehouse

(Read more on the industrial market.)

LOWER MACUNGIE, PA-Trammell Crow Co. has entered into a joint venture with ING Clarion Partners to construct Lehigh Valley South, a 315,000-sf warehouse building on 25 acres at Route 100 and Alburtis Road. Northeast Metro Development Group, a division of Dallas-based TCC, will act as project manager during the construction and expects to complete the building in summer 2008.

The building is designed for multi-tenant occupancy and being built on spec. “Most of the new inventory delivered to the market over the past several years has been cross-dock buildings of 500,000 sf and up,” says Andrew Mele, TCC’s SVP. “While those buildings have done very well, the needs of tenants in the 100,000-sf to 200,000-sf range have been largely ignored. There’s still a lot of these guys out there,” he tells GlobeSt.com.