972,000-SF W/D Breaks Ground

CARLISLE, PA-Liberty Property Trust broke ground on Thursday on their new 972,000-square-foot warehouse and distribution project in the Liberty at Carlisle Distribution Center. The REIT has invested $45 million to bring the development to completion at an estimated delivery date in June 2012. The single-story, class A property will be debt-free, according to Liberty’s senior vice president Bob Kiel, and will create 300 to 400 construction jobs for the length of the project.

The project, located within the 64-acre distribution center on Logistics Drive, will feature 32-foot clearance ceilings and will have one dock every 10,000 square feet of warehouse, as well as drive-in doors. Kiel tells GlobeSt.com that Liberty’s approach is to build the property and lease it to a high-quality tenant and then hold the property for long-term value.