New Stanton | Amazon BTS
New Stanton | Amazon BTS
Brand New 1.0 Million Square Foot Amazon Build-To-Suit
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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
- Opportunistic
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to exclusively offer to qualified investors the opportunity to provide the full capital stack from land acquisition through construction funding and ultimately long term ownership of the new 1,049,795 square foot concrete tilt-up Amazon Distribution Center. With an estimated construction completion and rent commencement scheduled for March 2023, the Amazon build-to-suit will be situated on 141 acres located off Glenn Fox Road in New Stanton Borough, Westmoreland County, Pennsylvania (Pittsburgh MSA). The property will feature a new 15-year net lease with 1.50% annual increases guaranteed by Amazon.com, Inc. The site benefits from immediate access to Interstates 76 (Pennsylvania Turnpike) and 70 and is ideally positioned logistically for distribution to Amazon’s customers in the Pittsburgh Metro Area, Western Pennsylvania, and beyond.
OFFER REQUIREMENTS
Ownership has not established an asking price, but is a market-oriented seller with expectations that are consistent with the quality of the asset and the unique nature of the opportunity.
All offers should include:
- Purchase price and approval process
- Timing for inspection period and closing date
- Amount of earnest money, including the amount that is non-refundable
- Source of funds for the acquisition
- Financial strength of purchaser
- Summary of closed transactions and references
Seller, with its sole and absolute discretion, reserves the right to remove the property from the market. Seller expressly reserves the right, in its sole and absolute discretion, to reject any and all proposals or expressions of interest in the property, to terminate discussions with any party at any time or to extend the deadlines set forth in the time schedule.
CO-BROKER COMMISSION
Any purchaser which is represented by a broker is responsible to compensate the broker.
COMMUNICATION
All communications, inquiries and requests should be addressed to the Cushman & Wakefield Team listed here, as representatives of the seller.