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750K-SF Spec Build is Fully Leased in Northeast PA
Logistics Property Company (LPC) has fully leased I-80-380 Logistics Center, a speculative distribution facility totaling 749,736 square feet in Mt. Pocono, PA, four months prior to the project’s completion. The tenant wasn’t disclosed.
Located 90 miles northwest of Manhattan in northeastern Pensylvania, the 62.5-acre site is within one day’s drive to 40% of the U.S. population and 50% of the Canadian population. LPC says the project boasts “remarkable” access to skilled labor.
“I’m very proud of our team and their responsiveness to land a great tenant,” said Mark Glagola, SVP and market leader – Northeast region at LPC.
“It was a pleasure working with the LPC team on this successful and exciting project that illustrates the strength and vitality of the Northeastern PA industrial submarket,” said Daniel Walsh of Cushman & Wakefield.
Mike Barker of CBRE represented the tenant on the deal.
- ◦Lease
