An affiliate of Endurance Real Estate Group, LLC (“Endurance”) is pleased to announce the completion of construction and execution of a 251,200 SF lease with IPEX USA, LLC (“IPEX”) at the Middletown Logistics Center, located at 2070 N. Union Street in Middletown, PA (the “Property”). The JLL team of Jeff Lockard, Jason Webb, Maria Ratzlaff & Ryan Barros represented Endurance in this transaction. Sean Bleiler from CBRE represented IPEX.
“Our decision to develop this project on a speculative basis proved to be the catalyst in leasing the building simultaneously with its delivery to the market. Given IPEX’s new space requirement to the region and their desire to secure a state-of-the-art distribution facility, these factors proved to be the perfect combination to fulfill IPEX’s entry into the Central Pennsylvania market”, stated Albert J. Corr, Senior Vice President of Endurance.
The Middletown Logistics Center is a newly constructed 251,200 SF modern bulk warehouse/distribution facility which features 36’ clear heights, LED lighting and ESFR sprinkler systems, twenty-one (21) fully equipped door positions including 40,000lb mechanical levelers, bumpers and seals, one (1) 14’ x 16’ drive-in door, 33 trailer stalls, 192 car parking spaces. The Property’s desired location right off the Middletown exit of S.R. 283, allows easy access to the Greater Philadelphia, Harrisburg, and Baltimore-Washington MSAs via I-83 and I-76. This places over one third of the total US population within a day drive from the Property. Dauphin County and the greater Harrisburg MSA is a mature market and continues to grow as the need for warehousing continues to expand. The Property neighbors four different FedEx warehouses and the new UPS Northeast Regional Super Hub.
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 $1.35 billion of assets totaling 20.9 million SF and sold over 11.7 million SF with a combined value of nearly $1 billion. Endurance currently owns and operates a portfolio totaling over 5.1 million SF consisting of 53 buildings. Endurance is currently developing over 1.6 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 2.4 million square feet.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people, and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of over 98,000 as of December 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For addition information on JLL, please visit jll.com.