NAI SUMMIT FULLY LEASES MULTI-BUILDING BUSINESS CENTER IN ALLENTOWN, PA
In July of last year, Mike Adams and Sarah Finney of NAI Summit were awarded the exclusive listing for two large industrial/flex buildings in the professional business park, Lehigh Valley Business Center located on Marcon Boulevard in Allentown, PA. Initially they had about 19,000+ SF vacant. Fast forward to now less than 10 months later, the Business Center is completely leased due to the help of NAI Summit.
The two most current lease transactions were both multi-year terms. Pagter Innovations, Inc. recently renewed their 4,800 SF flex space that includes built out office space and warehouse space. Since 1992 Pagter develops and produces innovative packaging systems for cut flowers in water. With locations all around the world, this is one of their only locations in the United States.
A new tenant, Lennox Industries, Inc., recently signed a long term lease for nearly 10,000 SF suite in the Lehigh Valley Business Center. Based in Richardson, Texas, near Dallas, Lennox has manufacturing and distribution facilities across North America. Products are available through a network of more than 6,000 independent Lennox® Dealers, which four are located in the Lehigh Valley area. They are a Commercial HVAC distributing company and plan to have a show room, some office and warehouse space for distribution of their products at this new location.