EAST MANCHESTER TOWNSHIP, PA—Texas-basedHillwood Investment Properties has acquired a 95-acre tract in East Manchester Township, York County, PA within the township's Industrial Zoning District. The site is approved for a 1.2-million-square-foot class A industrial building which Hillwood plans to build on a speculative basis.
Located in the heart of Central Pennsylvania's distribution and logistics market, the development, named Trade Center-83, will offer unparalleled access to York County's highly sought after labor base.
“The Trade Center-83 development is an ideal platform for clients looking to serve the Northeast, Mid-Atlantic, Baltimore-Washington and Eastern Canada markets,” says Gary Frederick, senior vice president, Hillwood Investment Properties. “We are excited to expand Hillwood's presence in Pennsylvania and develop a project that will benefit from not only a premier labor base but also strong support from the local government.”
The project also benefits from a LERTA Tax Abatement providing tenants with an incentive equating to $0.48 per square foot over the 10-year LERTA term.
The facility will feature state-of-the-art amenities including 36' clear height, cross dock configuration, 190' truck court depth, dual driveway access for multiple tenants and ESFR sprinkler system.
Trade Center-83 will offer parking for up to 288 automobiles and up to 657 trailers.
Construction is scheduled to begin on the site this year with delivery in fourth quarter 2015. Michael Hess, senior vice president for CBRE, served as broker for acquisition of the property and is retained to market Trade Center-83 for lease.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
