ALDEN DYSON | CoStar
Berk61 to Accommodate Recycling Powerhouse’s East Coast Expansion
CarbonLITE, a company that specializes in processing used plastic bottles into bottle-grade PET resin flakes and pellets, preleased Endurance Real Estate Group’s Berks61, a 270,000-square-foot manufacturing facility in Reading, Pennsylvania.
Plans for the facility at 4030 Pottsville Pike call for a TPO roof, ESFR sprinkler, LED lighting with motion sensors, 42 dock positions, three drive-in doors, available rail access and a 3,000 amp, 3-phase electric system. The 18.4-acre site is less than five miles from Reading Regional Airport.
The development has been approved for a LERTA tax abatement.
Mark Chubb, Michael Zerbe, Summer Coulter and Kirsten Kurz with Colliers International represented the tenant in negotiations. Joel Kreider, Ed Skonecki and John Van Buskirk at Lee & Associates represented the landlord.
“Reading was right for CarbonLITE, access to one of the densest concentrations of blue-collar workers in Eastern PA with very few competitive big-box employers of similar scale will serve them well,” Chubb said in a statement.
Founded by plastics entrepreneur Leon Farahnik, CarbonLITE currently operates two, 220,000-square-foot bottle-to-bottle PET recycling plants in Riverside, California, and Dallas, Texas, which, combined, process more than four billion plastic bottles annually, according to its website.
Berks61 is slated to be completed in the fourth quarter of 2019.
About Lee & Associates of Eastern Pennsylvania
Lee & Associates of Eastern Pennsylvania began operations in May 2015 under the leadership of Principals Brian Knowles, CCIM, SIOR, and John Van Buskirk, SIOR. Long recognized individually as national leaders in the industrial real estate business, they have chosen to take their over 45 years of combined real estate experience in a new direction – as broker-owners of this new initiative. Lee & Associates of Eastern Pennsylvania is committed to providing market-leading research and support while remaining grounded in exceptional client service. For the latest news from Lee & Associates of Eastern Pennsylvania, follow us on Facebook, LinkedIn and Twitter or visit us on the web at http://www.lee-associates.com/pennsylvania
About Lee & Associates
Celebrating more than 40 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in North America with locations across the U.S. and Canada including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Toronto, Ontario, Vancouver BC and Wisconsin. With more than 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn and Twitter.