{"id":1004236515,"date":"2018-06-22T01:10:17","date_gmt":"2018-06-22T09:10:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004236515"},"modified":"2022-12-07T05:39:38","modified_gmt":"2022-12-07T13:39:38","slug":"jv-buys-land-for-pa-industrial-spec-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-buys-land-for-pa-industrial-spec-project\/","title":{"rendered":"JV Buys Land for PA Industrial Spec Project"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004236545\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004236545\" data-attachment-id=\"1004236545\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-buys-land-for-pa-industrial-spec-project\/0033_entry-rendering_final-quality_2017-07-18-1-002\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg\" data-orig-size=\"2880,2160\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"PARK 309\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;PARK 309&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg?w=1024\" class=\"wp-image-1004236545 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg 2880w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg?resize=2048,1536 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg?resize=150,113 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg?resize=696,522 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg?resize=1068,801 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg?resize=1920,1440 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg?resize=560,420 560w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg?resize=80,60 80w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg?resize=265,198 265w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004236545\" class=\"wp-caption-text\">PARK 309<\/p><\/div>\n<p>A partnership of MRP Industrial and Cabot Properties has purchased a 23-acre site in Quakertown, Pa., for the development of a two-building speculative industrial project. Named PARK 309, the 260,000-square-foot property is planned to break ground this summer and is slated for completion in late 2018.<\/p>\n<p>The site is located adjacent to Route 309 and provides easy access to interstates 78 and 476. Philadelphia is situated roughly 30 miles of the parcel, while New York City is 95 miles away. The single-story Building I will comprise 114,400 square feet, while Building II will feature 145,800 square feet. Both constructions will include:<\/p>\n<ul>\n<li>32-foot clear ceiling heights<\/li>\n<li>two drive-in doors<\/li>\n<li>135- to 185-foot truck courts<\/li>\n<li>the option to integrate significant commercial office space<\/li>\n<\/ul>\n<p>Principal Brian Knowles and Senior Associate Andrew Komisor of Lee &amp; Associates of Eastern Pennsylvania brokered the sale. The company will also handle the leasing process.&nbsp;<\/p>\n<p><em>\u201cOur team designed two highly flexible buildings that can satisfy the specific real estate needs of a wide range of end-users including companies involved with logistics, manufacturing operations and warehousing,\u201d <\/em>said Lisa Goodwin, senior vice president of MRP Industrial. \u201c<em>The Lehigh Valley Region, in particular, remains extremely vibrant given its strategic positioning within one day&#8217;s drive to one-third of all consumers residing in the United States.\u201d<\/em><\/p>\n<p>Last December, MRP Industrial <a href=\"https:\/\/www.commercialsearch.com\/news\/mrp-breaks-ground-on-3-building-pa-industrial-project\/\">broke ground on Hamburg Logistic Park<\/a>, a three-building, 165-acre industrial project in the Philadelphia region. The property will encompass 1.9 million square feet.<\/p>\n<p><em>Images courtesy of MRP Industrial<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The project\u2014dubbed PARK 309\u2014will encompass 260,000 square feet of warehouse\/industrial space, across two separate buildings. Completion is slated for the end of 2018.<\/p>\n","protected":false},"author":739,"featured_media":1004236545,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742,10,1494],"tags":[33920,32762,33791],"class_list":["post-1004236515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-northeast","category-philadelphia","tag-cabot-properties","tag-lee-associates","tag-mrp-industrial"],"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>JV Buys Land for PA Industrial Spec Project - 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\/jv-buys-land-for-pa-industrial-spec-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV Buys Land for PA Industrial Spec Project\" \/>\n<meta property=\"og:description\" content=\"The project\u2014dubbed PARK 309\u2014will encompass 260,000 square feet of warehouse\/industrial space, across two separate buildings. Completion is slated for the end of 2018.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-buys-land-for-pa-industrial-spec-project\/\" \/>\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=\"2018-06-22T09:10:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T13:39:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2880\" \/>\n\t<meta property=\"og:image:height\" content=\"2160\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\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\\\/jv-buys-land-for-pa-industrial-spec-project\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-buys-land-for-pa-industrial-spec-project\\\/\"},\"author\":{\"name\":\"Beata Lorincz\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/23f841021ddf3b38ebc56abefe1d6004\"},\"headline\":\"JV Buys Land for PA Industrial Spec Project\",\"datePublished\":\"2018-06-22T09:10:17+00:00\",\"dateModified\":\"2022-12-07T13:39:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-buys-land-for-pa-industrial-spec-project\\\/\"},\"wordCount\":256,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-buys-land-for-pa-industrial-spec-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/06\\\/0033_Entry-Rendering_Final-Quality_2017-07-18-1-002-e1529501557242.jpg\",\"keywords\":[\"Cabot Properties\",\"Lee &amp; 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