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Washington DC & Mid-Atlantic  + Pennsylvania  + Industrial  |  November 14, 2024
Jasmine Kilman
By: Jasmine Kilman

$2.5M Grant Awarded to Lower Bucks Logistics Hub

Foxfield and Drake Real Estate Partners announced significant progress on the industrial development, Lower Bucks Logistics Hub, bolstered by a $2.5 million grant from the state of Pennsylvania.

The Northern Parcel features a 361,457 square foot rear-load building, and the Southern Parcel features a 453,110 square foot cross-dock building in an established industrial corridor that is already attracting a range of businesses looking for strategic access to key Northeastern and Mid-Atlantic markets.

The $2.5 million PA SITES grant has expedited crucial infrastructure upgrades at the site, which will deliver a total of 814,567 square feet of floor space and offer employment opportunities in a range of industries such as warehousing, industrial machinery, and food manufacturing.

“The Lower Bucks Logistics Hub is a transformative project that aligns perfectly with our mission to drive sustainable economic growth through the redevelopment and repurposing of vacant sites in Bucks County,” said TJ Lonergan, Executive Director of the Bucks County Industrial Development Authority.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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