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CenterPoint Commerce & Trade Park East 415-425 Research Dr
36,000 - 72,000 SF of 4-Star Industrial Space Available in Pittston Township, PA 18640
Highlights
- Strategic positioning less than 1 mile to I-81 and I-476 which grants access to the entire I-81 corridor and the greater eastern seaboard.
- Benefits from sitting in a LERTA Zone for 10-years with 100% real estate tax abatement on improvements.
- There is a strong in-place workforce within 10 miles of over 15,000 employees working in goods-producing industries.
- Desirable industrial features include 50' x 50' column spacing with a 60' deep staging bay, 4,000 amps of power, and ample parking.
- Perfect for many users due to the 35'4" average structural clear height, 6’ concrete floors, and energy efficiency.
Features
all available space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Condition
- Available
415-425 is the ideal space for many different end users because of it’s prime positioning and excellent industrial features.
- Lease rate does not include utilities, property expenses or building services
- Natural Light
- 35'4" avg. structural clear height
- All modern utilities in strong supply
- Space is in Excellent Condition
- Subdivision possible
- 12 loading doors, one drive-in door
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| 1st Floor | 36,000-72,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Industrial | - | Now |
1st Floor
| Size |
| 36,000-72,000 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size | 36,000-72,000 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
415-425 is the ideal space for many different end users because of it’s prime positioning and excellent industrial features.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Natural Light
- Subdivision possible
- 35'4" avg. structural clear height
- 12 loading doors, one drive-in door
- All modern utilities in strong supply
Property Overview
415-425 Research Drive is the perfect industrial building situated on a 42.7-acre lot. The property is an impressive 72,000 square feet and ready to meet the needs for a wide variety of end users. The property benefits from its location in a LERTA zone that allows for real estate taxes on improvements to be 100% abated for 10 years. This industrial property comes well-equipped with many features on site including an average structural clear height of approximately 35'4", (12) 9' x 10' vertical lift dock doors with vision kits and 40,000 LB capacity mechanical levelers with bumpers, one 12' x 14' drive-in door, 6" reinforced concrete floors, 3' x 6' clerestory windows, energy-efficient LED lighting, ESFR fire protection, energy-efficient, roof-mounted Cambridge direct-fire units and electrical power in multiples of 4,000 amps. The building has parking for 103 vehicles and 17 trailers. As a part of the CenterPoint Commerce & Trade Park East, this industrial space is perfectly positioned. 415-425 Research Drive is located under 1 mile to I-81 and I-476. The asset is also less than 10 minutes from the Wilkes-Barre/Scranton Airport. FedEx Ground and UPS are less than five minutes from the building providing an unmatched level of convenience for renters. Pittston Township benefits from a strong area workforce specializing in industrial. There are over 14,900 employees working in goods-producing services within a 10-mile radius of 555 Research Drive. Pittston Township is situated in the I-81 corridor. Pennsylvania's I-81 Corridor was built in the 1960s and 1970s to connect major industrial centers and cities along the Eastern seaboard, facilitate the movement of goods, and promote economic growth. This remains true today, as the Scranton Market has become among the Northeast's most critical locations for the transit of goods.
Manufacturing FACILITY FACTS
Marketing Brochure
About I-81 Corridor
The growth of logistics-focused development has been a shot in the arm for Scranton. The small northeastern Pennsylvania city was ideally situated to accommodate the initial growth of e-commerce, given its quick access to major interstates like 81 and 80. Within a day’s drive, truckers can reach roughly 60% of the nation’s population, as well as 40% of Canadian consumers.
Shipping fuels most of Scranton’s commercial real estate construction and generates the market’s strongest levels of demand for commercial real estate space of any kind. Major companies like FedEx, Amazon, and Isuzu occupy Scranton distribution hubs, and interest in the market could grow if interest in neighboring Lehigh Valley declines. Scranton rents are cheaper than in Allentown, and developers are encountering scarcity issues with quality land after a huge build up across Lehigh County.
The prime location attracts tenants from across the globe, and though leasing and construction lag in comparison to regional competitors, developers have been active. Developers have added more than 10 million square feet in the last decade, and during that time major brands like Pepsi, Amazon, and FedEx established distribution centers here. Acceleration of rent growth kicked off in 2015, and gains have stayed above average since.
DEMOGRAPHICS
Regional Accessibility
Leasing Agent
Leasing Agent
James Hilsher, Vice President, Director of Marketing
Since joining Mericle in 1994, Jim has helped grow the company’s development portfolio of sold and leased buildings from 800,000 square feet to approximately 22 million square feet. In recent years, Jim played a key role in the recruitment of nationally known companies such as CVS Caremark, Michaels Stores, Inc., Sealy, Inc., Mission Foods, The Men’s Wearhouse, FedEx Ground, Quaker Oats, Neiman Marcus, and American Eagle Outfitters to Mericle properties.
About the Owner
Contacts
-
James Hilsher -
William Jones -
Robert Besecker -
Mericle Commercial Real Estate Services Properties
Presented by
CenterPoint Commerce & Trade Park East | 415-425 Research Dr
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