EAST MANCHESTER TOWNSHIP, N.Y. — Hillwood Investment Properties, a Perot company, has acquired a 95-acre tract in East Manchester Township for an undisclosed price. The site is approved for a 1.2 million-square-foot industrial building that Hillwood Investment Properties plans to build on a speculative basis. Located along I-83 in Northern York County, Trade Center-83 will feature 36-food clear heights, a cross-dock configuration, 190-foot truck court depth, dual driveway access for multiple tenants and an ESFR sprinkler system.
Additionally, the project benefits from a LERTA Tax Abatement providing tenants with an incentive equating to $0.48 per square foot over the 10-year LERTA term.
Construction is scheduled to begin this year with delivery slated for fourth-quarter 2015. Michael Hess of CBRE served as broker for the acquisition and has been retained to market Trade Center-83 for lease.