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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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