At a glance
- The building at 1600 Freemansburg Ave. sits on roughly 115.8 acres and is expected to deliver in July 2027.
- For investors in Clarion's industrial vehicles, the venture is funding construction before a tenant commits, so the delivered value will depend on the rents KBC Advisors signs.
- The project team is Ware Malcomb as architect, Penntex Construction as general contractor, Liberty Excavators as site contractor and Langan Engineering as civil engineer.
Trammell Crow Company and Clarion Partners have begun vertical construction on Lehigh Valley Exchange, an 866,350-square-foot speculative industrial facility in Bethlehem, Pennsylvania.
The building at 1600 Freemansburg Ave. sits on roughly 115.8 acres and is expected to deliver in July 2027. It is designed for logistics, e-commerce, manufacturing and supply-chain occupiers. KBC Advisors is leading leasing. Connect CRE first reported the start on Nov. 6.
For investors in Clarion's industrial vehicles, the venture is funding construction before a tenant commits, so the delivered value will depend on the rents KBC Advisors signs.
The project team is Ware Malcomb as architect, Penntex Construction as general contractor, Liberty Excavators as site contractor and Langan Engineering as civil engineer.
The Bethlehem start follows Clarion's other industrial work this fall, including a Tennessee industrial park. As Private Real Estate Daily previously reported, Hamilton and Clarion acquired a 135-acre Bridgestone plant site in La Vergne, Tennessee, for a 1.5 million-square-foot industrial park, with demolition beginning immediately.
Reported by the Sectors desk from Connect CRE, Form ADV filings with the SEC and Private Real Estate Daily's Deal Tracker. Published . Corrections