Rockefeller Group and MBK Real Estate to develop 2 million s/f logistics park in Central PA

Silver Spring Township, PA — A joint venture of Rockefeller Group, a leading real estate developer, owner and operator, and MBK Real Estate LLC, a subsidiary of Mitsui & Co. Ltd, has closed on a 182-acre property in Silver Spring Twp. The joint venture will immediately commence construction on a two million s/f industrial distribution center.

Silver Spring Logistics Park is located off the Carlisle Pike (US Rte. 11) and three miles from I-81. The property was sold by HSS Investors, LLC and was part of the former 451-acre Hempt Farm. CBRE National Partners’ Brad Ruppel represented the seller.

“Following our success throughout the greater region, we are pleased to be entering the Central PA industrial market. This market is one of the top performing markets within the United States,” said Heath Abramsohn, vice president/regional director for Rockefeller Group’s North Central region. “We have already received interest from several prospective tenants, further providing support for our expansion into Central PA.”

Along with the site’s proximity to I-81 providing access to the north and south, Silver Spring is just five miles from I-76 and ten miles from I-83 at its southbound ramp. The site is 21 miles from Harrisburg International Airport, 86 miles from the Port of Baltimore, 120 miles from both the Philadelphia International Airport and the Port of Philadelphia and 150 miles from the Port of Newark-Elizabeth.

“Due to continued demand for industrial space in the region, we will develop the 803,520 s/f building and 318,060 s/f building immediately. These buildings will be completed by Spring 2026,” said Jacqueline Schwartz, associate for Rockefeller Group’s North Central region. “The third building, an 892,620 s/f distribution center, will follow thereafter.”

The architect is Margulies Hoelzli Architecture, PLLC (MHA), the civil engineer is Alpha Consulting and the general contractor is Penntex Construction.

All three buildings will include 40-foot clear heights, 54’ x 50’ column spacing and 185’ truck courts. Each building will have ample auto and truck parking. The two 800,000+ s/f buildings will be cross-dock.

“We could not be any more excited to see the Rockefeller Group team execute on a project optimally positioned to benefit from the logistical efficiencies and reliable labor base of core Central PA,” said Brad Ruppel, vice chairman at CBRE, Inc. “This sale is indicative of the consistent investment conviction the capital markets have demonstrated for this fundamentally resilient submarket, and we look forward to the realization of business and job-growth potential.”