325 Centerpoint Boulevard
325 Centerpoint Boulevard
As exclusive agent, Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer a 100% fee interest in 325 Centerpoint Boulevard for sale. This 744,080 square foot, industrial building is fully leased to Lowe’s through March 2027 and located in Pittston, PA at the confluence of I-81 and I-476/PA Turnpike.
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Gerard J. Blinebury, Jr., joined Cushman & Wakefield in 2001 and currently serves as Vice Chairman of the Industrial Brokerage Group and Partner in Cushman & Wakefield’s Industrial Advisory Group (IAG), specializing in the Industrial Asset Class throughout Eastern Pennsylvania. Mr. Blinebury has a broad range of experience working with institutional owners and corporate users throughout the I-81 and I-78 corridors as well as the Suburban Philadelphia Industrial Markets. This experience includes agency leasing, building sales, land sales, tenant/ buyer representation and the marketing of investment grade industrial buildings and industrial parks. Prior to joining Cushman & Wakefield, Mr. Blinebury was associated with Kissinger, Bigatel & Brower, a full-service real estate firm in State College, Pennsylvania.
- Property Type
- Industrial
- Deal Type
- Acquisition
- Risk Profile
- Core Plus
The property is also proximate to I-80, I-380 and I-84, providing access to Baltimore, Boston, NYC, Philadelphia, Pittsburgh and Washington DC within a five-hour drive. Notable tenants in this market include Amazon, Chewy, FedEx, Home Depot, Pepsico, Wesco and XPO.
The property features ±30’– 36’ clear heights, 80 loading positions, ±259 trailer parks, two drive-in doors, 130 foot truck court depth and a cross-dock configuration. Lowe’s took occupancy of the building in 2021, extending the lease shortly after lease commencement. Leased through 2027 with contract rent well below market rent, 325 Centerpoint offers an opportunity to acquire Lowe’s credit and significant NOI growth upon lease expiration.
Property Highlights:
- Clear Heights: ±30’– 36’
- Dock Doors: 80
- Parking: ±259 Trailer | ±140 Auto
- Drive-ins: 2
- Truck Courth Depth: 130
- Cross-dock Configuration