C&W Tapped to Lease PA Industrial Facility
- May 30, 2018
Advance Realty and The Davis Cos. have tapped Cushman & Wakefield to handle leasing for 2750 Morris Road, a Class A warehouse and distribution facility in Landsale, Pa.
The two owners invested more than $5 million to reposition the building to meet Class A standards, which included the installation of 23 additional loading docks; the construction of a new 125-foot truck court; new building systems, lighting, parking, roof and circulation; and the inclusion of a grab-n-go cafe and conference center. The temperature and humidity controlled asset currently has 85,444 square feet of office and 292,668 square feet of warehouse/manufacturing space available, divisible to 152,820 square feet, 139,848 square feet and 37,226 square feet. The property is within close proximity to Interstate 476 and Routes 202, 309 and 63.
Cushman & Wakefield’s Senior Director Jeffrey Williams and Senior Associate Jonas Skovdal are leading the leasing team.
“The ever-evolving world of e-commerce has greatly benefited the Southeastern Pennsylvania industrial market,” said Skovdal, in a prepared statement. “Over the past 12 to 18 months, there has been a significant increase in tenant demand for well-located, infill warehouse/distribution and manufacturing space to better service the Philadelphia population.”
Cushman & Wakefield continue to be active in the Philadelphia market. Earlier this month, the firm represented a joint venture between Henley Holding Co. and the Public Sector Pension Investment Board, in its disposition of a 507,634-square foot warehouse in Mechanicsburg, Pa. Penwood Select Industrial Partners bought the property, which is fully occupied by Exel Global Logistics.
Image courtesy of Cushman & Wakefield