Mapletree Investments has broken ground on a project that will bring more than 420,000 square feet of new logistics space to Pennsylvania’s Poconos region, adding to its footprint in the area.
Mapletree Investments is planning its next industrial project in the region after acquiring nearly 38 acres in Eastern Pennsylvania, some 20 miles west of the New Jersey border.
An investment group has landed $45 million to refinance a nearly 1.1 million-square-foot industrial building in Pennsylvania’s Poconos region, about 25 miles outside New Jersey, in a deal arranged by Cushman & Wakefield.
