TCC and Clarion Partners Acquire, Plan Spec Build on 90-Acre Lehigh Valley Industrial Site

Rendering of Lehigh Valley Trade Center, Lower Nazareth, PA

LOWER NAZARETH, PA —Joint venture partners Trammell Crow Company and Clarion Partners have acquired a 90-acre site at 4815 Hanoverville Road in Lower Nazareth, PA, for the development of Lehigh Valley Trade Center . Construction will commence later this month on two class A speculative warehouse/distribution buildings totaling more than 1.2 million square feet. Clarion Partners has acquired the property on behalf of a commingled fund that it manages. “This project benefits greatly from its strategic location on the east side of the Lehigh Valley industrial market, with close proximity to a deep, high quality labor force as well as immediate access to what is perhaps the most important transportation infrastructure on the east coast,” says Andrew Mele , managing director with Trammell Crow Company’s NE Metro Business Unit. “ TCC has a long history of delivering institutional quality, class A industrial real estate in the Valley and we look forward to starting this new project.” Building A will total 947,000 square feet with cross-dock loading, 36-foot clear height, capacity for more than 240 loading dock doors and car and trailer parking ratios that are well above current market standards. Building B will total 297,000 square feet with rear loading and 32-foot clear height. “This is our third speculative industrial project with TCC in this area,” says Joe Zingaro , vice president with Clarion Partners . “This market has all the fundamentals to support a project of this size and quality; demand for class A industrial space in the Lehigh Valley remains very strong across a variety of size ranges. The flexible, two-building design will allow us to see a diverse mix of tenant requirements.” The project’s location along Route 22 provides immediate access to I-78 and I-476. The existing highway infrastructure allows users to easily reach New York, Philadelphia and the rest of the Northeast.