A Dallas, Texas-headquartered industrial real estate firm purchased 149 acres of land along the Interstate 78 corridor in Bethel Township in April for the construction of three new warehouses.
Upon completion, the buildings will total 1.17 million square feet. The company anticipates they will be leased as distribution centers.
“The Lehigh Valley submarket is a critical location for supply chains in the Northeastern United States, yet development opportunities are scarce,” said John Lettieri, market officer for Dalfen, in a release.
“Developing three fulfilment centres (sic) in this highly demanded location will result in extensive tenant demand for prime real estate with all of the modern characteristics needed for e-commerce clients.”
Construction is expected to be completed on the properties sometime in the first quarter of 2023.
One warehouse currently containing Saddle Creek Logistics Services is already standing in Central Logistics Park, located just off of I-78 on Route 645.
According to artist renderings on Dalfen's website, the new buildings will be erected on two separate sides of the existing Saddle Creek warehouse — a 699,600-square-foot structure along Route 645, and the two others adjacent to the I-78.
It's unclear how many permanent jobs the new warehouses will create in Berks County.
A sales sheet for Central Logistics Park reveals plans for an eventual fifth warehouse within the development. With the potential to exceed 1 million square feet, it would immediately become the largest building in the industrial complex.
Dalfen has seven offices in major metropolitan areas across the U.S. and one in Canada. Founded as a family apparel retail chain in 1935, the company has changed business models a number of times through the years, most recently shifting gears exclusively to industrial real estate in 2010.
“Dalfen is focused on expanding our portfolio in strategic markets in the Northeast,” said Dalfen president and chief investment officer, Sean Dalfen, in a statement.
“Lehigh Valley has one of the strongest industrial markets in the country with a combination of multi-directional interstate connectivity, a more affordable labor base than competing Central New Jersey locations, and strategic logistics connectivity to major United States metropolitan areas.”