Hillwood Investment Properties, a Perot company, has acquired a 95-acre tract in East Manchester Township, York County within the township’s Industrial Zoning District. The site is approved for a 1.2-million-square-foot Class A industrial building which Hillwood Investment Properties plans to build on a speculative basis.
Located in the heart of Central Pennsylvania’s distribution and logistics market, the development, named Trade Center-83, will offer unparalleled access to York County’s highly sought after labor base.
“The Trade Center-83 development is an ideal platform for clients looking to serve the Northeast, Mid-Atlantic, Baltimore-Washington and Eastern Canada markets,” said Gary Frederick, Senior Vice President, Hillwood Investment Properties. “We are excited to expand Hillwood’s presence in Pennsylvania and develop a project that will benefit from not only a premier labor base but also strong support from the local government.”
The project also benefits from a LERTA Tax Abatement providing tenants with an incentive equating to $0.48 per square foot over the 10-year LERTA term.
The 95-acre property is strategically located along I-83 in Northern York County. The location offers convenient access to the regional transportation network, including I-81, I-76, I-95 and I-695, as well as major service providers such as UPS, Fed Ex and Fed Ex Freight, Norfolk-Southern Intermodal, Port of Baltimore, Baltimore-Washington International Airport and Harrisburg International Airport.
The facility will feature state-of-the-art amenities including 36’ clear height, cross dock configuration, 190’ truck court depth, dual driveway access for multiple tenants and ESFR sprinkler system. Distinct from other sites in Central Pennsylvania, Trade Center-83 will offer ample parking for up to 288 automobiles and up to 657 trailers.
Construction is scheduled to begin on the site this year with delivery in fourth quarter 2015. Michael Hess, senior vice president for CBRE served as broker for acquisition of the property and is retained to market Trade Center-83 for lease.
To access the Trade Center-83 booklet, please visit this link.