Central PA Distribution Market on Fire
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The demand for bulk warehouse space in central PA is back with a vengeance, and Ridgeline Property Group, with capital partner Cabot Properties, plans to take advantage of the situation with the development of the 423k SF Susquehanna Logistics Center in York. There's practically no Class-A space between 200k SF and 400k SF between Harrisburg and Baltimore, which is humming as a logistics hub, Ridgeline CEO Greg Thurman (right, snapped with president Mike Gray) says. The overall vacancy rate for Class-A in York County is now below 4%, placing supply at shortage levels.
The region's solid work force, bolstered by the training and educational programs offered by the county and other institutions, is another reason to develop here, Greg adds. Susquehanna Logistics Center will be built on a 51-acre site with access to I-83, with construction slated for completion in December. Cushman & Wakefield’s Patrick McBride and Gerry Blinebury, in the Harrisburg office, will market the property.