Spec warehouse going up on 51 acres near Glen Rock
Atlanta-based Ridgeline Property Group today announced it will begin building a 423,300-square-foot speculative warehouse this month just off the Glen Rock exit of Interstate 83 in York County.
RPG's capital partner on the Susquehanna Logistics Center is Boston-based Cabot Properties Inc.
The cost to develop the tract was not disclosed.
The Class A warehouse will go up on a 51-acre site about one-half mile from the Exit 8 interchange.
Construction is expected to be completed by December. Keystruct Construction Inc., based in Manchester Township, is the general contractor on the project, which should create about 250 construction jobs.
Cushman & Wakefield Inc.'s Susquehanna Township office is marketing the property for lease.
"With strong absorption rates combined with the extremely limited supply currently available, this market is primed for the modern and efficient Class A distribution space that Susquehanna Logistics Center will provide,” Greg Thurman, CEO of Ridgeline Property Group, said in a statement.
The overall vacancy rate for Class A product in York County has dipped below 4 percent, according to Ridgeline.
The distribution facility will feature 32-foot clear heights with 87 dock doors. There will be parking for 179 cars and 146 trailer storage stalls, according to Ridgeline.
Projections are that the project could create up to 200 permanent warehouse jobs, spokesman Steve Webb said. But that will depend on a tenant, he added.
Last year, another large spec facility along I-83 was leased to a major automotive products manufacturer.