Lehigh Valley West Industrial Portfolio, Berks County, PA
PROPERTY TYPE
Industrial | Multi-market
PROPERTY SIZE
12 buildings, 929,250 square feet
PROPERTY OVERVIEW
Acquired in 2022, the Lehigh Valley West Industrial portfolio consists of 12 light industrial buildings across three separate properties totaling 929,250 square feet, located just west of the Lehigh Valley, located just west of the Lehigh Valley Nine buildings totaling 466,420 square feet are located in the Berks Corporate Center, a dynamic concentration of infill, light industrial facilities providing direct access to a multi-directional interchange at PA Route 61 and US Route 222 in Reading, PA.
184 Tuckerton Road, the largest building in the portfolio with 392,030 square feet, is located across the street from the Berks Corporate Center in the Route 61 Distribution Center. 10 Vanguard Drive, a multi-tenanted 57,600 square-foot shallow bay facility, and 650 Lincoln Road, a single tenanted 13,200 square-foot light industrial building are situated within the Lincoln Corporate Center, approximately 12 miles southeast of the Reading buildings via Routes 61 and 422.
The portfolio’s prime location provides easy access to exceptional highway infrastructure that places six of the top 10 U.S. MSAs and 60% of the Canadian population within a one-day truck drive. In addition, companies are attracted to the Reading area for its ample blue-collar labor pool as Berks County is the second-best market along the I-78/I-81 PA Corridor per its ratio of residents to warehouse square footage and its proximity to Philadelphia, Baltimore, New York City, and Washington, D.C.
The portfolio is well leased to a variety of tenants ranging from large multinational corporations to regional service-oriented companies.
