EASTON, PA—It seems the Lehigh Valley still can't get enough spec warehouses built before someone leases them up.
Duke Realty Corporation, a REIT specializing in the ownership, management and development of bulk industrial facilities, has leased its recently delivered 628,475-square-foot bulk warehouse and started construction of another million square-foot spec industrial building in 33 Logistics Park, an industrial development located in Easton, PA, on the east side of the Lehigh Valley just off Route 33 at the new four-way diamond interchange at Main Street.
A third-party logistics company that Duke did not identify will occupy 33 Logistics Park 1611, which Duke delivered in early July. 33 Logistics Park 1620, the new building Duke Realty is constructing, will be its third in 33 Logistics Park and adjacent to 1611 and a 1.1 million-square-foot, fully leased bulk warehouse the company delivered in 2016.
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