Benchmark Real Estate and Regal Ventures partnership acquires 85,053 s/f industrial building

New owners plan 70,000 s/f expansion of triple-net lease property in Easton

Easton, PA — A partnership between Benchmark Real Estate and Regal Ventures has acquired an 85,053 s/f industrial building in Easton, PA that is fully occupied by a designer and manufacturer of ergonomic workspace solutions.

Easton -- part of the growing Lehigh Valley region -- is located about 18 miles northeast of Allentown. It is about 75 miles northwest of Philadelphia and about 75 miles west of Manhattan.

Regal Ventures is a New York-based real estate investment management company. Benchmark Real Estate, LLC is a vertically integrated real estate development company based in Lancaster, PA.

The property, located at 100 Kuebler Rd., serves as the global headquarters of Human Active Technology (HAT), a designer and manufacturer of ergonomic workspace solutions for office, retail, and other commercial environments. The partnership plans a 70,000 s/f expansion that will enable HAT to bring its distribution processes on-site.

Neither the sale price nor the seller was disclosed.

“We are excited to partner with HAT as they continue their impressive growth trajectory,” said Mike Callahan, managing partner at Benchmark Real Estate. “By recognizing early that HAT’s expanding operations had outgrown their existing footprint, we were able to work with HAT’s plans to present a solution to consolidate local, off-site operations and create meaningful value for both the tenant and the asset.

“The 70,000 s/f expansion we structured directly addresses HAT’s current needs and positions the company for continued growth, while strengthening the long-term fundamentals of the property. We are proud to have driven that solution and look forward to supporting their continued success in the years ahead.”

“The Lehigh Valley remains a compelling, small-bay industrial market in the Northeast. Demand stays robust, while vacancy in the 20,000-to-100,000 s/f segment sits below four percent,” said David Lawrence, director of acquisitions at Regal Ventures. “100 Kuebler Road exemplifies the opportunity we target: a committed occupant, a well-located asset, and a clear path to value creation. This is an ideal addition to our portfolio, and we’re excited to continue to look for more opportunities and deepen our presence in the market.”

The Easton facility was built in 1972 and renovated in 1993. Situated on a 12.4-acre parcel,

the steel-framed building has one grade-level door and five dock-height doors. It is located in the Forks Industrial Park, a master-planned industrial and manufacturing development in Forks Township.

Human Active Technology (HAT) designs, engineers, and manufactures ergonomic workspace solutions -- from customizable workspace furniture to monitor arms, sit-stand workstations, and point-of-sale systems -- that enable healthier, more productive interactions between people and technology. The company was founded in 1986 as Innovative Office Products and rebranded as Human Active Technology in 2022.

The growing Lehigh Valley region has become a major hub for industrial and distribution activity arising from its strategic location, business-friendly environment, and access to major population centers. The region’s industrial market is one of the tightest in the Northeast, with vacancy rates at 6.7%.