A JV between Trammell Crow Company and Clarion Partners has closed on a 90-acre site in Lower Nazareth. The partners plan to build two speculative warehouse buildings totaling more than 1.2 million square feet at 4815 Hanoverville Road. The first building will comprise 947,000 sq ft with cross-dock loading, 36-foot clear height, capacity for over 240 loading dock doors, while the second will total 297,000 sq ft. The project’s location along Route 22 allows each access to New York and Philadelphia.
“This is our third speculative industrial project with TCC in this area,” said Joe Zingaro, Vice President with Clarion Partners. “This market has all the fundamentals to support a project of this size and quality; demand for Class A industrial space in the Lehigh Valley remains very strong across a variety of size ranges. The flexible, two-building design will allow us to see a diverse mix of tenant requirements.”
