Aerial view of Bristol Commerce Center, Bristol, PA
BRISTOL TOWNSHIP, PA—A new 248,500 square foot speculative industrial facility will soon be under construction at Bristol Commerce Center, occupying 20 of the park's 81 acres. The ESFR-sprinklered building is expected to ready for occupancy in the second quarter of 2019.
Additionally, the new facility will feature heights of 40-foot clear height, which is above the area market's standard of 36-foot, positioning this facility well for warehouse/distribution and manufacturing uses.
“We have always strived to be ahead of the curve, and the 40-foot clear ceiling height is just one more added value our future tenants will appreciate and take advantage of,” says Jamie Herring, principal of Herring Properties, the developer of BCC.
Bristol Commerce Center is in a designated Keystone Opportunity Expansion Zone through 2022. The KOEZ designation provides substantial financial tax abatements to businesses looking to relocate or expand in the area. In addition to the KOEZ benefits, the park can take advantage of the newly opened interconnection of the Pennsylvania Turnpike and I-95, just three miles away. Current tenants include XPO Logistics, AirGas Corporation, Goodyear and PetValu.
The new construction comes as growth in e-commerce and last-mile deliveries closer to the urban inner-core are rising, but the supply of distribution center space has not kept pace—tenants are getting frustrated with the lack of available space for lease and user-owners are also faced with a lack of quality buildings to purchase.
Recent Colliers International market statistics show the second quarter 2018 vacancy rate in the Bucks County market is under 4%.
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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].
