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Benchmark Real Estate and Regal Ventures Acquire Easton Industrial Building for 70,000 SF Expansion

Easton, PennsylvaniaSource: REBusinessOnline
CompaniesDealsMarkets

Pennsylvania-based developer Benchmark Real Estate and New York City investment firm Regal Ventures have jointly acquired an 85,053-square-foot industrial building in Easton, Pennsylvania. The property, situated at 100 Kuebler Road within Forks Industrial Park in the Lehigh Valley, was originally constructed in 1972 on a 12.4-acre site. This facility currently houses the global headquarters for Human Active Technology (HAT), a designer and manufacturer of ergonomic workspace solutions.

While the seller and sales price were not disclosed, the new ownership group has announced significant plans for the site. They intend to undertake a substantial expansion of the existing facility, adding an additional 70,000 square feet. This acquisition and planned development underscore the ongoing strength and investment appeal of the industrial real estate sector, particularly in well-located industrial parks such as Forks Industrial Park. For developers, architects, and lenders, this transaction highlights opportunities for value creation through facility expansions and the sustained demand for modern industrial space in strategic regional markets like the Lehigh Valley.

Topics

acquisitionbenchmark-real-estateexpansionforks-industrial-parkhuman-active-technologyindustrial-buildinglehigh-valleyregal-ventures

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