Dermody Properties, a national private equity real estate investment, development and management company focused on the logistics real estate sector, has announced the lease of LogistiCenter at Lehigh Valley East Building 1 in Bushkill Township to Iron Mountain and CONRI Services Inc. The property is located at located at 450 E. Moorestown Rd.
Iron Mountain is a provider of storage, data center infrastructure, asset lifecycle management and information management services.
This location expands its consumer storage division, as well as corporate data and physical storage.
CONRI Services Inc. offers warehousing and fulfillment services to a variety of customers, including publishing, home decor, gifts and tea.
The company is expanding its existing footprint in New York and New Jersey to accommodate both existing and new customers and will lease the remaining 116,640 square feet of the state-of-the-art space.
“We are pleased to welcome Iron Mountain and CONRI Services, Inc. to LogistiCenter at Lehigh Valley East,” said Rob Borny, east region partner at Dermody Properties. “With the addition of both of these great companies to our project, LogistiCenter at Lehigh Valley East is fully leased. These companies join a collection of large e-commerce, distribution, warehouse and light manufacturing companies in Eastern Pennsylvania.”
Brian Knowles and Eric Zahniser of Lee & Associates represented Dermody Properties in the lease transactions. Ed Soriano and Larry Maister of JLL represented Iron Mountain and Jeff Lockard of JLL represented CONRI Services, Inc. LogistiCenter at Lehigh Valley East Building 2, at 460 E. Moorestown Rd., was leased to Mainfreight Inc. earlier this year.