A joint venture between Rockefeller Group and PCCP has sold a class A industrial warehouse/distribution center totaling 1.03 million square feet at 951 Willowbrook in the Lehigh Valley community of Northampton, Pa.
CenterPoint Properties purchased the asset for $201.5 million.
951 Willowbrook is fully leased to a third-party logistics company that services ecommerce distribution for an American multinational technology company. The long-term lease with more than nine years remaining provides in-place cash flow for the foreseeable future. The property is part of Rockefeller Group Logistics Park, a master-planned industrial park within a core location in the heart of the Lehigh Valley industrial market. This highly sought-after logistical location is proximate to Interstates 78 and 476 and Route 22, providing exceptional accessibility to the entire Lehigh Valley region, Philadelphia and New York City.
Constructed in 2020, 951 Willowbrook offers best-in-class, new-
