{"id":1004511691,"date":"2021-02-22T05:20:58","date_gmt":"2021-02-22T13:20:58","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004511691"},"modified":"2021-10-21T22:26:58","modified_gmt":"2021-10-22T06:26:58","slug":"wharton-industrial-inks-170-ksf-logistics-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wharton-industrial-inks-170-ksf-logistics-lease\/","title":{"rendered":"Wharton Industrial Inks 170 KSF Logistics Lease"},"content":{"rendered":"<div id=\"attachment_1004529702\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/69-Green-Mountain-Road.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004529702\" data-attachment-id=\"1004529702\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/wharton-industrial-inks-170-ksf-logistics-lease\/69-green-mountain-road-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/69-Green-Mountain-Road.jpg\" data-orig-size=\"921,736\" 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;0&quot;}\" data-image-title=\"69-Green-Mountain-Road\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/69-Green-Mountain-Road.jpg?w=921\" class=\"wp-image-1004529702 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/69-Green-Mountain-Road.jpg?w=300\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/69-Green-Mountain-Road.jpg 921w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/69-Green-Mountain-Road.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/69-Green-Mountain-Road.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004529702\" class=\"wp-caption-text\">69 Green Mountain Road. Image via Google Maps<\/p><\/div>\n<p>Wharton Industrial, along with partner CenterSquare Investment Management, has signed a 170,000-square-foot lease agreement at 69 Green Mountain Road in Hazleton, Pa., with Patton Warehousing &amp; Logistics. JLL represented the landlord in the transaction.<\/p>\n<hr \/>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/duke-realty-preleases-new-jersey-distribution-center\/\">Duke Realty Preleases New Jersey Distribution Center<\/a><\/p>\n<hr \/>\n<p>The duo purchased the 589,580-square-foot asset in October 2019. Dating back to 1999, the property sits on a 52.6-acre lot near Interstate 81, within roughly the same distance from New York City and Philadelphia.<\/p>\n<p>The building has a side-loading layout with 82 dock doors equipped with 30,000-pound mechanical levelers. The building also encompasses two drive-in doors, four rail doors, 75-foot speed bays and an ESFR sprinkler system. Offering 33-foot clear heights, the property has a 210-foot truck court and a 305-space parking lot.<\/p>\n<p>Fabric manufacturer PFNonwovens LLC occupies a portion of 260,000 square feet in the building. With the signing of the Patton Warehousing &amp; Logistics deal, the property still has 160,000 square feet with 20 loading docks available for lease.<\/p>\n<p>The JLL team representing Wharton in the deal included Jeff Lockard, Ryan Barros, Larry Maister and Jeff Williams.<\/p>\n<p>Wharton Industrial, a platform of Wharton Equity Partners, was an active player in the Philadelphia market throughout 2020. Last November, the company, along with partner Walton Street Capital, finalized the sale of a 283,500-square-foot, <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-closes-sale-of-amazon-leased-philly-warehouse\/\">Amazon-occupied last-mile facility<\/a> in Philly. The duo picked up the property in 2019. The same partnership acquired a 1.2 million-square-foot, 32-building, fully leased <a href=\"https:\/\/www.commercialsearch.com\/news\/the-bloom-organization-sells-32-building-industrial-portfolio\/\">industrial portfolio in suburban Philadelphia<\/a> from The Bloom Organization last August.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm partnered with CenterSquare Investment Management to acquire the Hazleton, Pa., warehouse in 2019.<\/p>\n","protected":false},"author":739,"featured_media":1004517840,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21748,21742,10],"tags":[32796,50641],"class_list":["post-1004511691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-industrial","category-latest","category-northeast","tag-jll","tag-wharton-equities"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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