Colliers Reps Equus Capital Partners in 1.1 MSF Lease to Lowe’s in Central Pennsylvania

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Strategic I-81 Location to Enable Same-Day and Next-Day Fulfillment

November 30, 2020 [Bethlehem, PA] – The Colliers International Logistics and Transportation Solutions team of Mark Chubb, Michael Zerbe, and Summer Coulter have successfully assisted Equus Capital Partners in the leasing of 1.1 million square feet of modern industrial fulfillment space at the I-81 Shippensburg Logistics Center, a newly developed, state-of-the-art Class A warehouse and distribution facility directly fronting Central Pennsylvania’s strategic Southern I-81 Corridor. 

In a statement to PennLive.com, new occupant Lowe’s explained it will be adding the site to its supply chain, because of its unique position to reach nearly 40% of the U.S. population within a one-day drive shed and thereby expanding Lowe’s ability to serve customers with faster options such as same-day and next-day order fulfillment. 

“The I-81 Corridor is one of the nation’s most prominent distribution locations, home to a diverse set of Fortune 500 and logistics companies, who seek to gain access to both the major metropolitan areas of the East Coast and the Midwest.” cited Mark Chubb of the Colliers team.  “We were proud to assist Equus Capital Partners in this important project. This new 10-year lease is expected to bring 180 jobs to the region.” added Chubb.

The transaction was completed in coordination with Mike Hess and David Remington of CBRE, who represented Lowe’s in the transaction. 

For more information, contact the Colliers logistics team: 

Mark Chubb
Senior Managing Director
+1 610 684 1862
mark.chubb@colliers.com

Michael Zerbe
Senior Managing Director
+1 610 684 1853
michael.zerbe@colliers.com

Summer Coulter
Senior Vice President
+1 610 684 1861
summer.coulter@colliers.com

                             

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About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment.  Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn

 

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Related Experts

Mark Chubb

Senior Managing Director | Conshohocken

Conshohocken

Mark is co-leader of Colliers Logistics & Transportation Solutions Group based out the Philadelphia Regional Market. The team focuses on providing advisory services to both occupiers and owners of bulk warehouses, fulfillment and distribution facilities. Locally, they provide extensive coverage in Eastern Pennsylvania, Delaware, Northern Maryland and Southern New Jersey.

Beyond his regional market, he advises corporate occupier clients on real estate strategy and procurement of sites or facilities throughout North America. He has represented many prominent organizations on both the tenant/buyer and landlord/seller side of the transaction, with projects totaling over 25 million square feet of space in the past 5 years.

Mark serves on the national steering committee of Colliers International's Logistics & Transportation Solutions Group. The group is a national group of industry leaders that focus exclusively on providing real estate services to the users of logistics facilities.

Mark focusses on providing creative, market based solutions to his clients needs with an emphasis on reducing occupancy costs and limiting risk.

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Michael Zerbe

Senior Managing Director | Conshohocken

Conshohocken

Michael Zerbe is a Senior Managing Director & Principal within Colliers and is a member of Colliers Logistics and Transportation Services Group.

He specializes in assisting consumer products companies and third party logistics companies with distribution centers across the country.  He also focuses on large distribution centers along the I-78, I-81 and I-80 corridors, representing clients in the acquisition, disposition and development of industrial real estate.

Michael has extensive experience in many facets of the real estate process including site selection analysis and ground-up development including entitlement and incentive procurement, property valuation, and transactional negotiations.

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Summer Coulter

Senior Vice President of Industrial

Conshohocken

For close to a decade, Summer Coulter has specialized in landlord representation, tenant representation, lease analysis, market analysis, and acquisitions and dispositions with Colliers. Summer currently focuses on the warehousing and fulfillment “big box” industrial markets of Central and Eastern Pennsylvania and began her career with Colliers in the Inland Empire, the nation’s top industrial market for logistics facilities. 

In addition to a large list of institutional clients represented on leasing and building sales, Summer focuses largely on sourcing and selling land for future industrial development. 

Prior to Colliers, Summer also spent an additional four years with CBRE in the Inland Empire industrial division. 
 

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