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984 Marcon Boulevard

984 Marcon Blvd, Allentown, PA 18109, United States

984 Marcon Boulevard

As exclusive agent, Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer a 100% fee interest in 984 Marcon Boulevard for sale.

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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
Deal Type
Risk Profile


984 Marcon represents an opportunity to acquire two industrial buildings on the same lot in the Lehigh Valley submarket, totaling 49,981 square feet and 100% leased to Morris Black & Sons, Inc and Sharps Compliance, Inc. Located just off U.S. Route 22 and minutes from I-78, the property is well-positioned in the center of the Lehigh Valley, within 90 miles of New York City and 60 miles of Philadelphia.


The Lehigh Valley has benefited from an expansive multi-directional highway network, a deep and affordable labor pool, and low occupancy costs resulting in more than 21 msf of positive absorption over the past three years. This positive absorption has resulted in a decrease in market vacancy from 9.3 percent as of Q4 2019 to 3.5 percent in Q4 2021. The buildings feature 21’-24’ clear heights, seven dock doors, three drive-in doors and ample parking. 984 Marcon Boulevard is 100% leased with a year one NOI of $531,674.



U.S. 22 Accessibility & Proximity to I-78

Ideally situated between New York City and Philadelphia and within a 5-hour drive of Boston, Washington DC, Pittsburgh and Baltimore.


Tenant & Building Quality

Morris Black & Sons, a 110-year old multi-faceted construction services company, occupies the larger building, while Sharps Compliance, a publicly traded medical waste disposal company, occupies the smaller building. 7 loading docks, 3 drive in doors, 21’- 24’ clear heights and ample parking.


Rent Upside Optionality

WALT of 2.7 years, with in place rents about $1.00 below market on average.


Favorable Market Dynamics

Lehigh Valley market vacancy has decreased from 9.3% in 4Q19 to 3.5% as of 4Q21. Average asking rent has increased by over $1.30/SF the past year with continued growth expected.