CONSHOHOCKEN, PA—The Pennsylvania office of Duke Realty Corp., the leading domestic only, pure-play logistics property REIT is progressing on the 615,600-square-foot, build-to-suit warehouse for Max Finkelstein Inc., one of the nation's largest independent, family-owned wholesale distributors of passenger and light truck tires. The building is being constructed on part of a 132-acre parcel less than 10 miles east of the split between I-81 and I-78 in Berks County, PA, at the western edge of the Lehigh Valley submarket.
"Max Finkelstein has been in business for more than 100 years and has operations throughout the Northeast and Mid-Atlantic States. We are excited to deliver a new, custom-designed, state-of-the-art facility that will be a core component in their supply chain," says Art Makris, SVP for Duke Realty in the Northeast region of the US, in a prepared statement. "This new facility incorporates modern features, including increased clear heights, enhanced lighting and a state-of-the-art fire protection system, which will provide them with enhanced storage and warehouse capabilities, along with a safe operating environment."
The new building, which will be known as Central Logistics Park 100, is located at 100 Fort Motel Dr. in Myerstown. Max Finkelstein's new building includes 7,000 square feet of office space and incorporates 45′ clear height and LED lighting. The remaining acreage on the site can accommodate additional development of up to 584,820 square feet.
"Designing a state-of-the-art, purpose-built warehouse to serve as the hub of our distribution center network, meeting all of our specific requirements, is critical to our growth." says Sean Franciscus, COO with Max Finkelstein. "We selected Duke Realty due to their ability to deliver a facility with all of the features we need and in the ideal location for efficiently serving our 16 regional distributions centers via its proximity to I-81, I-78 and I-83. The site was pad-ready which expedited the building's delivery."
Vincent Ranalli with CBRE represented Max Finkelstein Inc. in the transaction while Duke Realty was represented by listing broker Adam Campbell with Cushman and Wakefield and Scott Henderson and Caitlin English.
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Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
