Duke Realty To Build 615,600 SF Build-to-Suit Warehouse
Max Finkelstein Inc., a wholesale tire distributor, will use new Lehigh Valley facility at I-81/I-78 to serve regional distribution centers throughout the Northeast and Mid-Atlantic United States.
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.