Trammell Crow buys 90-acre site at Valley View Business Park

Trammell Crow buys 90-acre site at Valley View Business Park

Published at: 2018-11-29 16:17 | Author: CIJ USA
Trammell Crow has acquired a 90-acre site at the Valley View Business Park in Scranton, Pennsylvania. The seller was the Scranton Lackawanna Industrial Building Company. Terms of the sale were not disclosed. The new owner is planning to build a 1 million sq ft speculative distribution facility that will feature a 190-foot deep truck court with opposing trailer storage, ESFR fire protection, 311 trailer parking spots and 159 dock positions. The project will also provide economic and tax incentives, qualifying as a Keystone Opportunity Expansion Zone as well as for the Local Economic Revitalization Tax Assistance program. CBRE Allentown will handle the leasing and marketing of the project.

Similar Stories:

DSC Partners pays $167m for Virgina industrial portfolio
DSC Partners has paid $167m for a Virgina industrial portfolio. Totaling 1.64 million sq f  »
Taurus Investments sells Jacksonville industrial park for $10m
Taurus Investments sold a 217,990 sq ft industrial park in Jacksonville, Florida, for $10.  »
TH Real Estate US Strategic Industrial Fund I pulls in $330m
TH Real Estate closed its TH Real Estate US Strategic Industrial Fund I. Totaling more tha  »
Middlesex Logistics Center changes hands for $83m
ASB Real Estate Investments and Cohen Asset Management paid $83m for the Middlesex Logisti  »
The industrial sector of commercial real estate has changed radically over the past few ye   »
industrial logistics brokers are relying increasingly on data to help them find the best p   »
Scott Gregory, market officer at Prologis in Florida, says the breakdown can be seen geogr   »