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NEW 170,500 SF Ind. Bldg. w/ Tax Abatement 555 Research Drive
38,554 - 170,500 SF of 4-Star Industrial Space Available in Pittston Township, PA 18640
Highlights
- Offering unmatched immediate access to I-81 and I-476 which connect to I-95, Philadelphia, New York, Washington, Baltimore, and beyond.
- Benefits from sitting in a LERTA Zone for 10-years with 100% real estate tax abatement on improvements.
- Advantageous location close to Wilkes-Barre Scranton International Airport , FedEx, and UPS.
- Equipped with strong industrial features, including 38'2" ceilings, 25 loading doors, and 50’ x 50’ column spacing, and 4,000 amps of power.
- All modern utilities serve the site as well as ESFR fire protection, energy-efficient, and roof-mounted Cambridge direct-fire units.
Features
all available space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Condition
- Available
Will subdivide in segments of 38,544 SF. Brand new construction offering immediate access to I-81 and I-476. Located in a LERTA zone - real estate taxes on improvements are 100% abated for 10 years. Features 39'6" average structural clear height, 25 loading doors, and one (1) drive-in door.
- 1 Drive Bay
- 25 Loading Docks
- 38'2" ceiling clear height; 7" concrete floors
- ESFR fire protection; LED lighting
- Park is less than one mile from I-81, I-476
- Space is in Excellent Condition
- Natural Light
- 25 loading doors; one (1) drive-in door
- Clerestory windows
- 10-yr., 100% R.E. tax abatement on improvements
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| 1st Floor | 38,554-170,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Industrial | Shell Space | August 01, 2025 |
1st Floor
| Size |
| 38,554-170,500 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| August 01, 2025 |
1st Floor
| Size | 38,554-170,500 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | August 01, 2025 |
Will subdivide in segments of 38,544 SF. Brand new construction offering immediate access to I-81 and I-476. Located in a LERTA zone - real estate taxes on improvements are 100% abated for 10 years. Features 39'6" average structural clear height, 25 loading doors, and one (1) drive-in door.
- 1 Drive Bay
- Space is in Excellent Condition
- 25 Loading Docks
- Natural Light
- 38'2" ceiling clear height; 7" concrete floors
- 25 loading doors; one (1) drive-in door
- ESFR fire protection; LED lighting
- Clerestory windows
- Park is less than one mile from I-81, I-476
- 10-yr., 100% R.E. tax abatement on improvements
Property Overview
555 Research Drive is the ideal industrial building situated on a 22.67-acre parcel. Ringing in at an impressive 170,500 square feet (310'W x 550'L), the asset is spacious and capable of housing an array of end users. The property benefits from its location in a LERTA zone which allows for real estate taxes on improvements to be 100% abated for 10 years. There are several industrial amenities available on site including 38'2" approximate clear structural height at the first column from the loading dock wall, 7" reinforced concrete floors, 50' x 50' column spacing with 60' at the loading bay, (25) 9' x 10' vertical lift dock doors with vision kits and 40,000 LB mechanical levelers and one (1) 12' x 14' drive-in door with a concrete ramp. The building has 3' x 6' clerestory windows and LED lighting in the warehouse. Other utilities include ESFR fire protection, energy-efficient, roof-mounted Cambridge direct-fire units, and up to 4000 Amps of power. There is room on site to park 143 vehicles expandable to 257 vehicles and 46 trailers. A part of CenterPoint Commerce & Trade Park East, the property is positioned in a strategic location. CenterPoint is less than one mile from I-81 and I-476 and 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 on 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. Mericle Commercial Real Estate Services is very proud to be a long-time developer of Butler® Buildings. As a Butler Builder®, we are part of a network of building professionals dedicated to providing you the best construction for your needs. For more information about Butler' s advantages, please visit butlermfg.com.
Warehouse 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
Robert Besecker, Vice President, Senior Director of Leasing
Mr. Besecker began his real estate career at his family’s residential real estate office and later joined the real estate department at Jewelcor, Inc., a former national retail catalog showroom company that was headquartered in Wilkes-Barre. While at Jewelcor, he helped to oversee the leasing and disposition of more than one million square feet of office and retail space in Pennsylvania, New York, Texas, Florida, New Jersey, and California.
He has helped Mericle grow its portfolio of sold and leased properties from eight buildings comprising less than 500,000 square feet to more than 100 buildings and approximately 22 million square feet. He has been instrumental in bringing many tenants to Mericle including Simmons Company, The Home Depot, Maximus, C3i, Sky Zone, BBU, Apollo Flow Controls, and Brake Parts, Inc. Mr. Besecker is also Broker of Record, a position he has held since the inception of the Brokerage Division that was started in 1993.
About the Owner
Contacts
-
Robert Besecker -
James Hilsher -
William Jones -
Mericle Commercial Real Estate Services Properties
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NEW 170,500 SF Ind. Bldg. w/ Tax Abatement | 555 Research Drive
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