An affiliates of Endurance Real Estate Group, LLC (“Endurance”) is pleased to announce the signing of a 119,537 SF lease with National Coatings & Supplies, Inc. (“NCS”) at Berks 222, Building B, located in Reading, PA (the “Property”). The lease with NCS kicks off leasing at the recently developed two building, Class A 327,000 square foot park. The Lee & Associates team of Joel Kreider, Ed Skonecki and Michael Pietropola represented Endurance/ARA in this transaction. Ida McMurray from SVN Latus represented NCS.
“Our decision to develop this project on a speculative basis proved to be the catalyst in leasing the building shortly after completion. Given NCS’ desire to expand into the Northeastern and Mid-Atlantic regions, this state of the art distribution facility proved to be the perfect option NCS as they evaluated options in the Berks County/Lehigh Valley markets”, stated Albert J. Corr, Senior Vice President of Endurance.
“A key to our growth is working with proven partners like Endurance that can deliver differentiated solutions” stated Bruce Cuthbertson, Chief Operating Officer of NCS. “This distribution center provides an excellent operational backbone and enables NCS to successfully meet the unique needs of our expanding customer base.”
Berks 222 Industrial Center is a newly constructed two building industrial complex which features 32’ clear heights, LED lighting and ESFR sprinkler systems in both buildings. The Property is also the recipient of a full 10-year LERTA. The Property is located minutes from Routes 61, 222, 22, 422 and Interstates 78 and 76, placing over 44 million people within a four-hour drive of the property and over one third of the total US population within a day’s drive. Building B has a 46,460 SF suite that is available. Building A has 160,212 SF available. More information on the Property can be found at www.berks222.com.
About Endurance Real Estate Group
Endurance Real Estate Group, LLC (www.endurance-re.com), formed in 2002, is a Radnor, Pennsylvania-based real estate owner/developer focused on income and value add industrial opportunities located in the Mid-Atlantic region. Since its formation, the company has acquired and developed over $1 billion of assets totaling 18 million SF and sold over 11.2 million SF with a combined value of nearly $865 million. Endurance currently owns and operates a portfolio totaling over 6.7 million SF consisting of 45 buildings. Existing space includes 4 million SF of industrial and 750,000 SF of flex/office space. Endurance is currently developing over 1.9 million SF of distribution buildings in several projects in building sizes ranging from 60,000 SF up to 1,000,000 SF as well as entitling several other projects totaling 2 million square feet.
About National Coatings & Supplies, Inc.
National Coatings and Supplies (NCS) is privately held company, headquartered in Raleigh, NC, that services over 18,000 collision centers and other coatings users across the United States through over 180 Stores and more than 1,300 employees. NCS was founded in 2009 specifically to serve the PB&E business and coatings users across the US. With a growing national footprint, NCS is equipped to handle nearly all aspects of the coatings business from industrial coatings to automotive paint as well as coatings for marine, aircraft, heavy duty transportation and the equipment, tools and training needed to apply them.