A two-building, 576K SF project near the Interstate 78 corridor in Lehigh Valley will be developed through a joint venture with CRG, a national real estate development and investment firm, and PCCP, a real estate finance and investment management firm.
Located on a 37-acre site on Industrial Road in Alpha, The Cubes at Alpha industrial park will offer immediate access to Interstate 78 and is designed to accommodate a variety of users, including e-commerce, distribution, third-party logistics and manufacturing companies. It will also feature two single-side-load buildings, one measuring 270,900 square feet and the other 305,000 square feet. Each will offer 36-foot clear heights, wide column spacing, ESFR sprinkler systems, deep truck courts, ample car parking and extensive trailer stalls and storage.
“We believe this project represents our commitment to delivering top-tier industrial facilities that meet the evolving needs of today’s logistics and manufacturing users,” Frank Petkunas, executive vice president and partner for the Northeast Region, CRG, said. “With its strategic location, modern design and access to major transportation networks, we believe The Cubes at Alpha is poised to become a premier destination for businesses looking to expand their footprint in the Northeast.”
The project is situated in the Phillipsburg industrial node, which has recently attracted national tenants and institutional owners due to its proximity to the Port of New York and New Jersey, without the costs of being right next to the port. The region offers a compelling value proposition compared to Central New Jersey, making it an ideal location for companies seeking cost-effective solutions without sacrificing accessibility.
“Along with our experienced partner, CRG, we are excited to develop Class A product within an institutional, core pocket of New Jersey,” Lia Barsanti, vice president, PCCP, said. “We believe The Cubes at Alpha is well positioned to attract port-focused users currently seeking industrial space between the Lehigh Valley and Central New Jersey markets.”
CRG’s parent company, Clayco, will serve as the design-builder for the project, while integrated partner Lamar Johnson Collaborative is the architect.
Completion is anticipated in third-quarter 2025.
