{"id":1004111393,"date":"2015-01-21T05:45:39","date_gmt":"2015-01-21T13:45:39","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=318516"},"modified":"2022-12-09T01:16:03","modified_gmt":"2022-12-09T09:16:03","slug":"european-fashion-retailer-signs-long-term-lease-for-677000-sq-ft-lehigh-valley-warehouse","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/european-fashion-retailer-signs-long-term-lease-for-677000-sq-ft-lehigh-valley-warehouse\/","title":{"rendered":"SPOTLIGHT ON PHILADELPHIA: Euro Fashion Retailer Expands in U.S. with Sizable Lease"},"content":{"rendered":"<p><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p>A European fashion retailer looking to expand overseas has officially entered the US market by leasing a 40-acre site in Pennsylvania\u2019s Lehigh Valley industrial market to support its east coast operations.<\/p>\n<div id=\"attachment_318517\" class=\"wp-caption alignright\" style=\"width: 160px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/2485-Commerce-Center-Boulevard-Warehouse-Bethlehem-PA.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-318517\" title=\"2485 Commerce Center Boulevard Warehouse - Bethlehem PA\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/2485-Commerce-Center-Boulevard-Warehouse-Bethlehem-PA.jpg\" alt=\"2485 Commerce Center Boulevard Warehouse - Bethlehem PA\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">2485 Commerce Center Boulevard Warehouse &#8211; Bethlehem PA<\/p>\n<\/div>\n<p>UK-based Primark, which was founded in Ireland in 1969 under the name Penneys and focuses on affordable and trendy clothing for men and women, will open a distribution center in a warehouse located in the former Bethlehem Steel complex. According to a press statement, Primark signed a 10-year lease for a 677,000-square-foot Class A speculative warehouse owned by a joint venture between Trammell Crow Company and Clarion Partners.<\/p>\n<p>\u201cThis is a truly significant transaction for the entire Lehigh Valley community,\u201d said in a prepared statement Vincent Ranalli of CBRE, who represented the property\u2019s owner. \u201cThis site is part of the overall redevelopment of the former Bethlehem Steel Company properties. The neighborhood now includes Walmart, which recently leased 2.4 million square feet in two buildings; Crayola, which leased 800,000 square feet; and Zulily, which also leased 800,000 square feet<\/p>\n<p>Located at 2485 Commerce Center Boulevard, the warehouse is close to Philadelphia, New Jersey and New York, which makes it a perfect location for distribution of product to customers in the Mid-Atlantic and Northeast. As previously reported by <a title=\"TCC, Clarion Break Ground on 700 KSF Industrial Project in Lehigh Valley\" href=\"https:\/\/www.commercialsearch.com\/news\/regions\/mid-atlantic\/tcc-clarion-break-ground-on-700-ksf-industrial-project-in-lehigh-valley\">Commercial Property Executive<\/a>,<em> <\/em>construction at the $38 million spec warehouse broke ground in July 2013 as part of a revitalization project that aimed to transform the former Bethlehem Steel complex into a new industrial complex called Lehigh Valley Industrial Park VII. The development partners acquired the 40-acre site for approximately $6.4 million.<\/p>\n<p><em>Image courtesy of CBRE<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Primark, a European fashion retailer looking to expand overseas, has officially entered the U.S. market by leasing a 40-acre site in Pennsylvania&rsquo;s Lehigh Valley industrial market to support its East Coast operations.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1494],"tags":[],"class_list":["post-1004111393","post","type-post","status-publish","format-standard","hentry","category-philadelphia"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SPOTLIGHT ON PHILADELPHIA: Euro Fashion Retailer Expands in U.S. with Sizable Lease - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/european-fashion-retailer-signs-long-term-lease-for-677000-sq-ft-lehigh-valley-warehouse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SPOTLIGHT ON PHILADELPHIA: Euro Fashion Retailer Expands in U.S. with Sizable Lease\" \/>\n<meta property=\"og:description\" content=\"Primark, a European fashion retailer looking to expand overseas, has officially entered the U.S. market by leasing a 40-acre site in Pennsylvania&rsquo;s Lehigh Valley industrial market to support its East Coast operations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/european-fashion-retailer-signs-long-term-lease-for-677000-sq-ft-lehigh-valley-warehouse\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-01-21T13:45:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:16:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/2485-Commerce-Center-Boulevard-Warehouse-Bethlehem-PA.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/european-fashion-retailer-signs-long-term-lease-for-677000-sq-ft-lehigh-valley-warehouse\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/european-fashion-retailer-signs-long-term-lease-for-677000-sq-ft-lehigh-valley-warehouse\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"SPOTLIGHT ON PHILADELPHIA: Euro Fashion Retailer Expands in U.S. with Sizable Lease\",\"datePublished\":\"2015-01-21T13:45:39+00:00\",\"dateModified\":\"2022-12-09T09:16:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/european-fashion-retailer-signs-long-term-lease-for-677000-sq-ft-lehigh-valley-warehouse\\\/\"},\"wordCount\":282,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/european-fashion-retailer-signs-long-term-lease-for-677000-sq-ft-lehigh-valley-warehouse\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/01\\\/2485-Commerce-Center-Boulevard-Warehouse-Bethlehem-PA.jpg\",\"articleSection\":[\"Philadelphia\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/european-fashion-retailer-signs-long-term-lease-for-677000-sq-ft-lehigh-valley-warehouse\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/european-fashion-retailer-signs-long-term-lease-for-677000-sq-ft-lehigh-valley-warehouse\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/european-fashion-retailer-signs-long-term-lease-for-677000-sq-ft-lehigh-valley-warehouse\\\/\",\"name\":\"SPOTLIGHT ON PHILADELPHIA: Euro Fashion Retailer Expands in U.S. with Sizable Lease - 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