York, PA — December 6, 2021 — Affiliates of Endurance Real Estate Group, LLC (“Endurance”) and ASB Real Estate Investments (“ASB”) are pleased to announce the signing of an 88,400-square-foot lease with Ecore International (“Ecore”) at York Business Center, located along Route 30 in York, PA. The lease brings the occupancy of York Business Center to 100%. Pat Lafferty from CBRE, Inc. represented Endurance/ASB in this transaction. Mark Chubb of Colliers International represented Ecore.
“Securing a tenant to lease the last remaining vacancy at the project and push us to 100% occupancy within a month after acquisition reflects how strong the industrial market is in Central Pennsylvania, especially in York,” stated Albert J. Corr, Senior Vice President of Endurance.
York Business Center is a three-building warehouse facility situated on 119 acres totaling 1.525 million square feet of industrial and office space. The property is located in the core of the Central Pennsylvania industrial market near the intersection of I-83 and Route 30. This prime location provides easy access to exceptional highway infrastructure that places approximately 40% of the US population, six of the top 10 U.S. MSAs and 51% of the Canadian population within a one-day truck drive. In addition, companies are attracted to the Central Pennsylvania region for its ample blue-collar labor pool—236,000 working-aged people are within a 30-minute drive of York.
About Endurance Real Estate Group
Endurance Real Estate Group, LLC, formed in 2002, is a Radnor, PA based real estate owner/developer focused on income and value add industrial opportunities located in the Mid-Atlantic region. Since its formation, Endurance has acquired and developed over $1 billion of assets totaling almost 18 million square feet and sold 10.7 million square feet with a combined value of $740 million. Endurance currently owns and operates a portfolio totaling over 7.1 million square feet consisting of 47 buildings. Existing space includes 4.5 million square feet of industrial space and 750,000 square feet of flex/office space. Endurance is currently developing over 1.9 million square feet of distribution buildings in several projects in varying building sizes from 60,000 square feet up to 1 million square feet as well as entitling several other projects totaling 2 million square feet.
About ASB Real Estate Investments
ASB Real Estate Investments (ASB), a division of ASB Capital Management, LLC, is a leading U.S. real estate investment management firm with more than $8.0 billion (as of 9/30/2021) in gross assets under management for over 325 institutional clients. Headquartered in Washington DC, ASB invests in major U.S. markets, concentrating in office, multifamily, retail, industrial and self-storage properties and employs core, value add and development strategies for its clients. For more information about the company, visit www.asbrealestate.com.
About Ecore International
The Ecore brand is rooted in the core principle of making people’s lives better. Our performance-focused products are part of a deep commitment to align our business, product development, and manufacturing practices with keeping bodies in motion—today, tomorrow, and in future generations. We like to think of the planet as our ultimate base layer; from inception to use, our products maximize performance for people and the planet. For more information visit www.ecoreintl.com.
The information provided in the release does not constitute an offer to sell or buy securities or the solicitation of an offer to sell or buy securities.