CBRE NEGOTIATES 92,143-SQUARE-FOOT LEASE

ALLENTOWN, PA. — CB Richard Ellis (CBRE) has negotiated a 92,143-square-foot lease at 7339 Industrial Blvd. in Allentown on behalf of the tenant, Inmar CLS Reverse Logistics. CBRE’s Joseph McDermott, Vincent Ranalli and Wit Truitt brokered the 5-year deal. Situated in Lehigh County, the property is a high-bay industrial facility owned by Liberty Property Trust. Located at the intersection of I-78 and Rt. 100, the building features 30-foot clear ceiling height, 16 loading docks, T5 lighting and an ESFR sprinkler system. The property is situated in an industrial park setting with many other large companies including Kraft, Millard Refrigerated Services, Kia Motors, Behr, Owens & Minor and others. The financial details of the transaction were undisclosed.