CBRE SVPs Bill Wolf and Joe McDermott head the team, which also includes associates Vincent Ranalli, Sean Bleiler and Jeff Watson. Wolf declines to disclose asking rent rates, but tells GlobeSt.com, "the lease rate depends on finishes, but the property will be very competitive with the marketplace." According to a fourth-quarter 2007 report from CBRE, the average minimum asking rent in Lehigh Valley, which includes Northampton County, is $4.29 per sf.

Wolf says this property can be divided, but "we prefer one or two tenants." It has 298 car spaces, up to 254 trailer spaces and build-to-suit office facilities with 2,500 sf already in place. It is near the intersection of Route 33 and I-78, which provides easy access to five interstates plus the Northeast extension of the Pennsylvania Turnpike.

The building is adjacent to an 870,000-sf build-to-suit that ProLogis will construct for BMW, as GlobeSt.com previously reported. That building is expandable to 1.4 million sf. "The eastern side of the Lehigh Valley is increasingly becoming a popular logistics location for companies distributing products throughout the Northeast and Mid-Atlantic regions," says George Hasenecz, ProLogis' VP and market officer, in a statement.