{"id":1004512460,"date":"2021-02-02T06:17:51","date_gmt":"2021-02-02T14:17:51","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004508196"},"modified":"2021-05-19T08:36:59","modified_gmt":"2021-05-19T16:36:59","slug":"transwestern-to-develop-750-ksf-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transwestern-to-develop-750-ksf-industrial-project\/","title":{"rendered":"Transwestern to Develop 750 KSF Industrial Project"},"content":{"rendered":"
\"\"<\/a>

Jessup Logistics Center. Rendering courtesy of Transwestern Development Co.<\/em><\/p><\/div>\n

Transwestern Development Co. has closed on the acquisition of a 64-acre site in Jessup, Pa., to develop Jessup Logistics Center, a 750,000-square-foot speculative industrial project. Construction is scheduled to begin in February, with delivery expected in the first quarter of 2022.<\/p>\n

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READ ALSO: <\/strong>National Industrial Report \u2013 January 2021<\/a><\/p>\n

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The development will feature 40-foot clear height, wide column spacing, 133 dock doors and ample truck parking. Director Daniel Walsh and Vice Chairman Gerry Blinebury from Cushman & Wakefield will be handling leasing efforts for the project. Cadence Bank provided construction financing, while Blue Rock Construction will serve as general contractor.<\/p>\n

The project will be developed at the intersection of highway 247 and Alberigi Drive, just off highway 6 and with quick access to interstates 81 and 84 in northeastern Pennsylvania. Additionally, the development will be located within a federal Opportunity Zone and will benefit from a 10-year LERTA tax abatement.<\/p>\n

Industrial Growing <\/h2>\n

According to Greg Boler, partner at TDC\u2019s National Logistics Group, the northeastern Pennsylvania submarket has been highly competitive for industrial properties and has attracted top retailers and e-commerce companies. The area has become one of Eastern Seaboard\u2019s leading distribution markets because of its proximity to major metropolitan areas such as New York City and Philadelphia.<\/p>\n

Transwestern currently has 40 industrial projects totaling 20 million square feet under construction or in pre-development planning at a national level, with 5 million square feet in the Northeast, according to Brian Banaszynski, Northeast Regional Partner in TDC\u2019s National Logistics Group. At the beginning of the year, the company delivered a 352,000-square-foot industrial property<\/a> in Jonesboro, Ga.  <\/p>\n","protected":false},"excerpt":{"rendered":"

Jessup Logistics Center in northeastern Pennsylvania is expected to come online in the first quarter of 2022. <\/p>\n","protected":false},"author":748,"featured_media":1004518034,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,21748,21742,10],"tags":[50854,32799,42641],"class_list":["post-1004512460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-industrial","category-latest","category-northeast","tag-cadence-bank","tag-cushman-wakefield","tag-transwestern-development-co"],"acf":[],"yoast_head":"\nTranswestern to Develop 750 KSF Industrial 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\/transwestern-to-develop-750-ksf-industrial-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transwestern to Develop 750 KSF Industrial Project\" \/>\n<meta property=\"og:description\" content=\"Jessup Logistics Center in northeastern Pennsylvania is expected to come online in the first quarter of 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/transwestern-to-develop-750-ksf-industrial-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=\"2021-02-02T14:17:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-19T16:36:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Jessup-Logistics-Center-e1612270160441.png\" \/>\n\t<meta property=\"og:image:width\" content=\"806\" \/>\n\t<meta property=\"og:image:height\" content=\"603\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-to-develop-750-ksf-industrial-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-to-develop-750-ksf-industrial-project\/\",\"name\":\"Transwestern to Develop 750 KSF Industrial Project - 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