KUTZTOWN, PA—Duke Realty Corp. has expanded its Pennsylvania industrial portfolio by acquiring West Hills Building B, a 232,655-square-foot, warehouse-distribution building that is 100 percent preleased to NFI Distribution. Located at 9866 West Hills Court in Kutztown, West Hills Building B was completed in May 2015.
“The acquisition of this top-quality building is in alignment with Duke Realty's focus on top- quality industrial assets in Pennsylvania and other strong distribution markets,” says Jeff Palmquist, senior vice president of Duke Realty's Northeast region. “This purchase also is reflective of our desire to grow our presence in the Lehigh Valley because of its superior interstate access, strong labor base and access to densely populated areas, including New York, New Jersey, Philadelphia and Baltimore.”
Duke Realty's newest Pennsylvania property is located in West Hills Business Center, a 230-acre industrial park located in the Lehigh Valley at I-78 and PA 863. West Hills Building B is adjacent to West Hills Building A, which Duke already owns. Building A is a 980,000-square-foot, 100 percent leased bulk warehouse. The acquisition of West Hills Building B brings Duke Realty's Pennsylvania portfolio to 4.7 million square feet. As previously reported by GlobeSt.com, Duke recently opened its regional office in Conshohocken, PA under Palmquist's supervision.
In addition to the acquisition of West Hills Building B, Duke Realty recently announced the development of a new 1.1 million-square-foot, modern bulk industrial building in the Lehigh Valley. As previously reported by GlobeSt.com, Building One at the 33 Logistics Park at Chrin Commerce Centre is being built on Van Buren Road just off Route 33 at the new four-way diamond interchange at Main Street. The speculatively built warehouse is slated for delivery in late 2015 or early 2016
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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].
