Please ensure Javascript is enabled for purposes of website accessibility

Duke Realty pays $11.9M for I-78 industrial tract

Duke Realty Corp. recently purchased 73 acres of land off I-78 in Bethel Township for future development. The tract, pictured top left, is part of what is known as the Central Logistics Park. The property is part of phase one and can accommodate a warehouse of up to 832,000 square feet. - (Photo / Submitted)

Ten miles from the split between interstates 78 and 81 in northwestern Berks County, the industrial real estate market continues to pick up steam.

Indiana-based Duke Realty Corp., a nationwide real estate investment trust that specializes in industrial facilities, recently purchased 73 acres of land off I-78 in Bethel Township for future development.

The tract, part of what is known as the Central Logistics Park, can accommodate a warehouse of up to 832,000 square feet. Duke Realty purchased the land for $11.9 million, according to county property records.

Duke Realty has not started development nor engaged any brokers about possible tenants for the site, which is near distribution centers for national companies Dollar General and PetSmart.

Duke’s new property sits at the western edge of the Lehigh Valley submarket, which has experienced strong tenant demand and some of the highest rents in the Greater Philadelphia region.

“We are pleased with this land purchase because it provides us with an excellent position right on I-78 in this up-and-coming distribution corridor,” said Jeff Palmquist, the company’s senior vice president for the Northeast Region.

When Duke Realty develops the tract, the building will be the company’s fifth in the Lehigh Valley area.

The company owns two buildings in West Hills Business Center and two buildings in 33 Logistics Park, with adjacent land for future development near Allentown.

A concept plan for the Central Logistics Park shows a second phase with enough land to accommodate four warehouses collectively totaling more than 2 million square feet, according to marketing materials from Cushman & Wakefield.

Shares of Duke Realty are traded on the New York Stock Exchange under the ticker symbol DRE.

On the map


Business Events

Diversity, Equity and Inclusion Summit

Wednesday, March 30, 2022
Diversity, Equity and Inclusion Summit

Healthcare Heroes

Thursday, April 07, 2022
Healthcare Heroes

Nonprofit Innovation Awards

Thursday, May 19, 2022
Nonprofit Innovation Awards

Women of Influence

Thursday, June 23, 2022
Women of Influence