CUMBERLAND COUNTY, PA (July 17, 2008) – Lauth®, one of the nation’s leading development and construction firms, today joined leaders of Cumberland County, Pennsylvania to break ground on the first building at Key Logistics Park. This state-of-the-art master-planned distribution park is located in the heart of a strategic east coast shipping corridor adjacent to Interstate 81 at Exit 37. Key Logistics Park will house three buildings totaling up to three million square feet (SF) of modern bulk distribution space upon completion.
“Lauth is engineering Key Logistics Park to offer the maximum flexibility and accessibility required by modern logistics and distribution operations,” said Kevin Wade, Vice President of Office and Industrial Development in Lauth’s Pittsburgh Office. “Key Logistics Park features cross-dock buildings with ample trailer parking, full 360 degree movement and congestion free access to the interstate and 40 million people within a 4 ½ hour drive.”
Construction is now underway on Key Logistics Building One, a 1,170,000 SF, cross-dock bulk distribution facility featuring over 120 dock doors, 32’ clear height, and space to park up to 400 trailers. Lauth expects the first building to be ready for occupancy in May 2009.
The Greater Philadelphia CB Richard Ellis, Inc. (CBRE) Harrisburg Industrial Brokerage team of Senior Vice Presidents Patrick Lafferty and Michael Hess and Senior Associate Bart Anderson will provide leasing services for Key Logistics Park.
“Key Logistics’ highway visibility, easy access and advantageous tax climate makes this site ideal for tenants seeking a Central Pennsylvania location without the traffic hassles and congestion at other nearby locations,” said Michael Hess, Sr. Vice President at CBRE. “We are already receiving strong interest in these buildings despite the fact Lauth is breaking ground just today.”
Lauth’s master plan for Key Logistics Park includes two additional cross-dock buildings. Building Two will be a 909,000 SF facility. Building Three will be a 954,000 SF structure. Construction on those buildings will begin based on market activity or on a build-to-suit basis.
This marks the latest announcement for Lauth, the 13th largest commercial real estate developer in the United States according to Commercial Property News. Last week, the company topped out Montecito Point, a 6-story 187,000 SF “green” office building in northwest Las Vegas. Last month, it broke ground on two healthcare facilities in Florida and topped off NASCAR® Plaza, a 20-story world class office tower in downtown Charlotte. Next week it will celebrate the grand opening of Bryan Towne Center, a 400,000 SF retail destination in Bryan/College Station, Texas.
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About Lauth®
Since 1977, Lauth has been building facilities for clients to lease or own throughout the United States. Lauth’s years of solid experience, coupled with completed projects worth billions, make it a leading national development and construction firm. Lauth delivers virtually any type of facility including healthcare, industrial, office, and retail from offices in Indianapolis, Charlotte, Dallas, Denver, Orlando and Phoenix. Additional Lauth information is available at www.lauth.net.