Dermody Properties Leases 475,800 SF in Pennsylvania to Radial
EASTON, Pa. – Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, recently leased 475,800 square feet to Radial, Inc. at LogistiCenter℠ at 33 in Easton.
A leader in integrated ecommerce technology and operations, Radial connects supply and demand through efficient fulfillment and transportation options, intelligent fraud prevention, payments, tax systems and personalized customer care services.
Radial’s presence at LogistiCenter℠ at 33 marks the company’s first on-the-ground fulfillment presence in the state of Pennsylvania. Radial plans to provide nearly 100 management and hourly positions initially, as well as 700 hourly positions later this year to meet customer demand during the holidays.
LogistiCenter℠ at 33 is a 475,800-square-foot building, now fully occupied by Radial, located in the Lehigh Valley just minutes from Interstate 78 and Route 33. The property’s attractive location near major cities makes it a perfect transportation and warehousing hub for a company like Radial.
“The location of this property is ideal for Radial’s ecommerce, fulfillment and transportation operations, providing proximity to major East Coast markets and population centers,” said Eugene Preston, East Region Partner for Dermody Properties.
LogistiCenter℠ at 33 is within minutes of several national companies including Amazon, UPS, FedEx, Porsche, Mondelēz International, Inc., BMW and Walgreens. With a surrounding population of 781,850 and a workforce of 412,000 within 25 miles of the property, LogistiCenter℠ at 33 is ideally suited for ecommerce and fulfillment. The facility features a 36-foot clear height, 226 car parking spaces and 85 trailer parking spaces.
Larry Maister and Jeff Lockard of JLL represented Dermody Properties in the leasing transaction, with Radial represented by William Wolf of CBRE.