Leasing for the property is under the direction of a team led by Jeff Lockard, senior managing director within the Northeast Industrial Region for JLL, an international commercial real estate and property investment company.
The company plans to develop a 652,080-square-foot logistics property that will feature a 40-foot clear height, 182 trailer parking stalls, 124 loading docks, four drive-in doors and 484 spaces for car parking. The center will be located less than a quarter of a mile off Route 61 near Route 73, also known as Lake Shore Drive. GBDF acquired the property in 2019 and worked with Ontelaunee Township municipal officials to rezone the site for industrial use. Dan Langdon, GBDF chairman, said he is pleased that Crow will play a role in the economic growth of Berks County. Johanna Chervak, vice president of Crow Holdings, declined on Friday to reveal the sale price. Construction of a state-of-the-art logistics center is expected to begin this month in Ontelaunee Township, Berks County.Ĭrow Holdings Industrial, the industrial development company of Dallas-based Crow Holdings, purchased a 60-acre property in November from the Greater Berks Development Fund (GBDF), the economic development arm of the Greater Reading Chamber Alliance (GRCA).