By Joshua Burd
Rockefeller Group has sold a nearly 454,000-square-foot industrial building in Pennsylvania’s Lehigh Valley for $91 million, in a newly announced deal by JLL.
In a news release, the brokerage team said Link Logistics purchased newly built property at 800 Willowbrook Road in Northampton, some 15 miles from the New Jersey border. The 453,600-square-foot building is one of three at a campus totaling 1.8 million square feet, with a location just north of Route 22 and Lehigh Valley International Airport.
“Rockefeller Group is excited to have completed the sale of the final building at Rockefeller Group Logistics Park and looks forward to developing more projects in Lehigh Valley in the future,” said Zac Csik, a vice president with the firm’s New Jersey and Pennsylvania development team, which is based in Morristown. “It was a pleasure working with the teams at JLL and Link Logistics on the project as Link continues to grow its portfolio in the Northeast.”
Completed in 2022, the cross-dock distribution facility has 36-foot clear ceiling heights, four drive-in doors, 90 dock doors, 59 trailer stalls and 264 auto parking spaces. The 36-acre site’s proximity to Interstate 78 and other highways allows tenants to reach 40 percent of the U.S. population within a day’s drive and 50 percent of all Canadian consumers.
John Plower, Ryan Cottone and Zach Maguire of JLL’s Philadelphia-based capital markets team represented the seller, working alongside industrial brokers Paul Torosian and Jeff Lockard. They noted that the property is adjacent to the largest FedEx Ground hub in the United States, while also providing easy access to rail services from Norfolk Southern and CSX, Port Newark-Elizabeth, PhilaPort and Newark Liberty International Airport.
“Our team is proud to have partnered with the Rockefeller Group to see this project through its lifecycle, as the leasing and sale agents,” said Plower, a senior managing director. “The property represented a great opportunity for the buyer to add a best-in-class asset, leased long term, to their portfolio.”
