A rendering of the Susquehanna Logistics Center. -
(Photo / Submitted)
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Atlanta-based Ridgeline Property Group today announced it
will begin building a 423,300-square-foot speculative warehouse this month just
off the Glen Rock exit of Interstate 83 in York County.
RPG's capital partner on the Susquehanna Logistics Center is Boston-based
Cabot Properties Inc.
The cost to develop the tract was not disclosed.
The Class A warehouse will go up on a 51-acre site about
one-half mile from the Exit 8 interchange.
Construction is expected to be completed by December. Keystruct Construction Inc., based
in Manchester Township, is the general contractor on the project, which should
create about 250 construction jobs.
Cushman & Wakefield Inc.'s Susquehanna
Township office is marketing the property for lease.
"With strong absorption rates combined with the
extremely limited supply currently available, this market is primed for the
modern and efficient Class A distribution space that Susquehanna Logistics
Center will provide,” Greg Thurman, CEO of Ridgeline Property Group, said in a
statement.
The overall vacancy rate for Class A product in York
County has dipped below 4 percent, according to Ridgeline.
The distribution facility will feature 32-foot clear
heights with 87 dock doors. There will be parking for 179 cars and 146 trailer
storage stalls, according to Ridgeline.
Projections are that the project could create up to 200
permanent warehouse jobs, spokesman Steve Webb said. But that will depend on a
tenant, he added.
Last year, another large spec facility along I-83
was leased to a major automotive products manufacturer.
Source: Central
Penn Business Journal
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