Dermody Properties breaks ground on 73 acres at LogistiCenter at Lehigh Valley East in PA
WIND GAP, PA — Dermody Properties, a national private equity real estate investment, development and management company focused on the logistics real estate sector, recently broke ground on two buildings in a 557,820 s/f complex located 80 miles from the Port of New York and New Jersey. It will be located at 450 East Moorestown Rd. in Wind Gap, in the Northampton County submarket. Construction of the first building is scheduled to be complete in the 4th quarter, 2019. The second building will be completed in early 2020. With more than 93 million s/f of industrial space, the Lehigh Valley market is a desired location for manufacturing, warehouse/distribution, and ecommerce companies. Among the advantages of the Lehigh Valley are a solid workforce, strong manufacturing base, key interstates, proximity to the NY/NJ port and a new FedEx Ground Hub located in Bethlehem which has opened the doors for local and national manufacturing and warehousing/distribution companies to call the Lehigh Valley home.