Developer bringing Core5 Logistics Center at Park 31 to Bucks County

A new speculative three-building logistics center is coming to Bucks County.

Colliers said that it acquired 74.4 acres of land at 2130 Allentown Road near Lansdale on behalf of real estate developer Core5 Industrial Partners of Atlanta.

Michael Golarz and Tom Golarz of Colliers Industrial team facilitated the deal and will continue to serve as the exclusive leasing agents for the property, which will be a Class A master-planned logistics park to be called “Core5 Logistics Center at Park 31.”

Core5 Logistics Center at Park 31 is being built approximately two minutes from the newly improved Lansdale Interchange of the Northeast Extension making it easily accessible to the Greater Philadelphia, Eastern Pennsylvania and the entire Northeast and Mid-Atlantic region.

“This is an incredibly exciting project for our team. Large, industrial zoned land parcels with excellent access to major corridors of travel are rare in the greater Philadelphia market. This project is certain to see a wide variety of interest from occupiers – both warehousing and distribution as well as more integrated businesses,” said Michael Golarz.

The agents said there has been a great deal of interest in the planned project.

“Throughout the entitlement process, we received interest from a variety of tenants including warehousing and distribution, pharmaceutical, and food related. We also continue to see demand from local occupiers with pursuing a ‘flight to quality’ within modern industrial space.” Said Tom Golarz.

When complete, the new development will total 591,360 square feet across three buildings.

Construction is expected to begin in January of 2021 with delivery of the first two of three planned buildings expected by the third quarter of next year.