CBRE announced today that it has been appointed the exclusive leasing agent at River Pointe Commerce Park, a 725-acre industrial parklocated in Upper Mount Bethel, Pennsylvania owned by River Pointe Logistics (RPL).Current plans depict13-buildings, totaling5.5 million sq. ft. however, the developer is in a unique position that allows the layout of buildings to change to suit an array of industrial uses and is open to providing everything from build-to-suite lease or sale options to entitled pad site sales. The CBRE team overseeing this unique and prestigious assignment—Jake Terkanian and Sean Bleiler—bring an unparalleled level of industrial leasing and sales expertise.
“We are thrilled to bring the largest planned industrial park along the Eastern Seaboard to market,” saidTerkanian. “We have already seen strong interest from a number of tenants including food/beverage and manufacturing, among others, who are attracted by its unique attributes, including the potential to have 100 foot clear heights.”
“We look forward to realizing the full potential of this market leading, premierindustrial campus, which is ideally located 1.5 miles from Exit 4 of Interstate 80, just under 65 miles from the Port of NY/NJ and 80 miles from the Port of Philadelphia,” added Bleiler.
“The project, which comes with a 10-year LERTA tax abatement, is poised to attract a strong labor force and prominent tenants as each building is flexible for multiple uses, including manufacturing,” said Lou Pektor, RPL Development Representative. “RPL is excited to attract new companies to an area that has a strong employment base of hard working people in the Northampton County area.”
The first buildingoffersexpansion up to 420,000 sq.ft.and is located at 303 Demi Road. The building is expected to deliverin Q4 2021. After the completion of this building, deliveries in the master planned park will follow starting in 2022.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
