A newly completed 102,2500-square-foot industrial building in South Whitehall Township has been fully leased.
Lee & Associates principals Kim Jacobsen and Lee Fittipaldi represented the landlord, INDUS Realty Trust. Inc., in the lease of 4741 Chapmans Road.
The building was completed in June with 67,750 square feet pre-leased. The team completed the remaining 34,500-square-foot lease within 30 days of the building’s completion, Lee & Associates said.
The building is located at the intersection of I-78, I-476, Route 22, and Route 309. Major Lehigh Valley parcel hubs, such as FedEx, UPS, and USPS, are all within a 30-minute drive, the company said.
“4741 Chapmans Road proximity to an abundant labor pool far exceeds many competitive locations”, said Fittipaldi. “Along with a best-in-class building design and on-site trailer parking lot, the building provides immediate access to the region’s major interstate and highway infrastructure.”
Tim Lescalleet, executive vice president of INDUS, said he was pleased the speculative, small-format warehouse/distribution project was well received. “The project’s swift lease-up is a testimony to the equally strong demand we’re seeing from tenants for smaller Class A spaces in the Lehigh Valley. We look forward to continuing to grow our presence here as we deliver additional planned development projects in the future.”
Lee & Associates’ agents Fittipaldi, Jacobsen, and associate Selwyn Simpson II are now marketing another under construction property for INDUS located at 1115 American Parkway in Allentown. The approximately 206,000-square-foot building is just south of the Lehigh Valley International Airport and Route 22 and is expected to deliver in the second quarter of 2023.