MIDDLETOWN, PA—Woodmont Industrial Partners has secured $32.9 million in financing for the modernization of Capital Logistics Center, a six-building, 1.55-million-square-foot industrial complex situated on more than 100 acres in Middletown, PA. 

The financing will be used to redevelop Capital Logistics Center into a state-of-the-art, class A industrial park.  

“We are transforming Capital Logistics Center into one of the most modern industrial parks in the region, and this financing will allow our vision to come to fruition,” says Eric Witmondt, chief executive officer of Woodmont Industrial Partners. “With all of our improvements on schedule, we are eager to unveil the completed project to the large number of prospective tenants that have expressed interest.”

As part of the redevelopment, Woodmont demolished two 1950-vintage buildings in the park and, in their place, is constructing two new, LEED-certified, class A warehouse facilities totaling approximately 530,000 square feet. The first building, 200 Capital Lane, will be complete by the end of 2014. The second building, 300 Capital Lane, will be completed shortly thereafter.

Upon completion, 200 Capital Lane will be the largest building in the park and will be equipped with T-5 lighting, an ESFR system, 87 dock doors plus two drive-in doors, and 36-foot clear ceilings throughout.

A joint venture between Woodmont Industrial Partners and AEW Management LP, the Capital Logistics Center fronts the Pennsylvania Turnpike and is less than a mile from Harrisburg International Airport.  The property is also near FedEx and UPS facilities, and Routes I-283, I-83 and 322.