AMB Leases 362,000 SF in Allentown
- Oct 24, 2008
AMB Property Corp. has leased 362,000 square feet at a development project in eastern Pennsylvania to Cooper Tire & Rubber Co. “We’re pleased to welcome Cooper Tire to AMB I-78 Distribution Center,” Jay Cornforth, managing director of AMB’s East Region said in a release. “Cooper Tire’s decision to locate here underscores the importance of the Allentown/Lehigh Valley submarket, which is a natural extension of northern New Jersey’s industrial marketplace.” The warehouse is currently 700,000 square feet and expected to total approximately 1.2 million square feet across two buildings upon completion. The property is located at 8000 Quarry Road in Lower Macungie Township in Allentown, Pa., off of Exit 49 on I-78.“With direct access to major regional distribution transportation routes and proximity to population densities in the Northeast and Mid-Atlantic, AMB I-78 Distribution Center’s location gives us the flexibility to optimize our network and better meet our regional distribution requirements,” commented Mark Plesec, manager, distribution operations at Cooper Tire & Rubber. “Additionally, the facility’s modern and sustainable design specifications will enable us to improve operational efficiencies as well as reduce energy consumption within the building.”Bob Mohr and Drew Thomas from Mohr Partners represented Cooper Tire & Rubber. Joe McDermott and Vince Ranalli of CB Richard Ellis Inc. represented AMB in the transaction.