Binswanger Represents Wise Foods in the Site Selection & Lease Negotiations for its New Distribution Center in Northeastern Pennsylvania
PHILADELPHIA, PA – November 27, 2023 – Binswanger, an innovator in commercial real estate since 1931, announced today that after a nearly year-long site search, it has secured a five-year lease on behalf of Wise Foods, Inc. for a recently completed, Class A distribution center in Hanover Township, PA.
Located directly off Exit 164 of I-81 at 111 Tradeport Road, the 250,283-square-foot facility offers immediate access to PA Route 29 and I-476. This was a key selling point for the salty snack maker which currently serves customers in 21 states along the East Coast. It was crucial that Wise’s new distribution center not only be close to its corporate headquarters in Berwick, PA, but also offer easy access to major logistic arteries.
“Blocks of space in the 200,000-300,000 square foot range have become increasingly difficult to find in Northeastern PA,” says Binswanger Senior Vice President & Partner, Tim Pennington, who brokered the deal with assistance from Matt Corrigan.
The Tradeport 164 logistics center became an instant front-runner. Aside from its convenient location, with both rear-loading and cross-docked options, the park offers the flexibility of multiple building configurations and space sizes. Meanwhile, the new facility (Building 4) boasts state-of-the-art features such as LED light fixtures with motion sensors and 45,000-pound dock levelers along with ample parking, 50’ x 52’ column spacing, and 25 dock-high doors.
Binswanger, a global leader in full-service commercial real estate, has been helping its clients realize their full real estate potential since 1931. Founded by real estate innovator and pioneer, Frank Binswanger Sr., the company operates with the understanding that real estate has the ability to strengthen businesses and transform communities. The company offers a variety of services benefitting both owners and occupiers including global real estate brokerage, location consulting, investment sales, tenant representation, corporate advisory, strategic consulting, and a variety of management services. Having worked with more than half of the Fortune 500, the employee-owned company has long been known as the industry leader in the acquisition and disposition of industrial and commercial facilities around the globe. For more information, please visit www.binswanger.com.