An affiliate of Endurance Real Estate Group, LLC (“Endurance”) is pleased to announce the acquisition and commencement of construction on the Middletown Logistics Center, an 18.4 Acre development located in Middletown, Pennsylvania (“Property”). Endurance acquired the property from Byler Quarries, LLC.
“This was a quick moving opportunity to acquire a fully entitled infill development site, “said Jared Newman, Senior Vice President of Acquisitions for Endurance Real Estate. “Its location adjacent to the new soon to be open UPS super hub and several existing FedEx facilities make the property highly desirable to e-commerce users and 3PLs.”
Currently an undeveloped parcel, Endurance’s plans call for the construction of a modern bulk warehouse/distribution facility featuring concrete tilt wall construction, a 36’ clear height, a 60’ speed bay and 56’ wide x 52’ deep typical column spacing, high-bay LED lighting with motion sensors, a 60 mil fully-adhered TPO roof, ESFR sprinkler system, twenty-one (21) fully equipped door positions including 40,000lb mechanical levelers, bumpers and seals, one (1) 14’ x 16’ drive-in door, 33 trailer stalls, 192 car parking spaces, and a 3,000 amp, 3-phase main electric service. Construction is expected to be completed by the spring of 2022. William Aiello of KW Commercial represented the Seller in this transaction.
The Property’s desired location right off the Middletown exit of SR-283, allows easy access to the Greater Philadelphia, Harrisburg, and Baltimore-Washington MSAs via I-83 and I-76. This places over one third of the total US population within a day drive from the Property. Dauphin County and the greater Harrisburg MSA is a mature market and continues to grow as the need for warehousing continues to expand. The Property neighbors four different FedEx warehouses and the new UPS Northeast Regional Hub.
Jeff Lockard, Jason Webb, Maria Ratzlaff, and Ryan Barros from JLL have been named the exclusive listing agent for the Property. Currently the entire 251,200 SF building is available for lease.
About Endurance Real Estate Group
Endurance Real Estate Group, LLC (www.endurance-re.com), formed in 2002, is a Radnor, Pennsylvania-based real estate owner/developer focused on income and value add industrial opportunities located in the Mid-Atlantic region. Since its formation, the company has acquired $815 million of assets totaling 14.6 million SF and sold over 9.9 million SF with a combined value of $700 million. Endurance currently owns and operates a portfolio totaling over 3.8 million square feet consisting of 44 buildings and over 140 acres of land to be developed.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people, and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For addition information on JLL please visit jll.com.