The project, scheduled to be completed in May, is located along Interstate 78, 70 miles from Philadelphia, 82 miles from New York City, 150 miles from Baltimore and 188 miles from Washington, DC, according to the property brochure. It features 32-foot clear ceilings, a 200-foot-deep truck court, nine-foot by 10-foot dock-high overhead doors, and direct rail access. Designed to meet LEED Core & Shell and Energy Star certifications, it will cater to big box users, with tenants benefiting from operating within a LERTA (Local Economic Tax Assistance) Zone and a Foreign Trade Zone. The asking rent, according to the project’s LoopNet listing, is $4.45 per square foot, triple net.

Malvern, PA-based LPT owns some 16 million square feet of industrial space in the region, with an occupancy rate of 99.4%.

“We have been doing this for a long time, and I can say with confidence that 2785 Commerce Center Blvd. is one of the best industrial development sites in the country—in terms of transportation infrastructure, size and flexibility, labor supply, and tax advantages,” LPT SVP Bob Kiel says in the release. “It really has everything you could want in an industrial property, including the support of a pro-development local government in the City of Bethlehem. Despite continued limited speculative development nationwide, we have no doubt that the investment here is timely and prudent.”