Trammell Crow Company to Deliver New Jessup Facility
Trammell Crow Company recently
purchased, a 90-acre site in the Valley
View Business Park from the Scranton
Lackawanna Industrial Building Company
(SLIBCO), for the construction of Valley
View Trade Center, a new, one million-
square-foot speculative distribution
facility. SLIBCO is the industrial
development affi liate of the Greater
Scranton Chamber of Commerce. This
land sale marks SLIBCO’s largest since its
creation.
“We are very pleased that a renowned
developer like Trammell Crow Company
has chosen to invest in our region—with
our quality workforce, prime location
and access to major markets— to create
jobs and address the demands of the
growing e-commerce industry,” said
Bob Durkin, president, The Greater
Scranton Chamber of Commerce. “We
thank Jessup Borough, Valley View
School District and Lackawanna County
for approving the LERTA tax abatement
program in order to make this deal
possible.”
The state-of-the-art building, which
is scheduled to be completed 3Q
2019, will feature 40’ clear height, 190’
deep truck court with opposing trailer
storage, ESFR fi re protection, 311
trailer parking spots, 277 car parking
and 159 dock positions, expandable
to 209. The project will also provide
economic and tax incentives, qualifying
as a Keystone Opportunity Expansion
Zone (KOEZ) and for the Local Economic
Revitalization Tax Assistance (LERTA)
program. In addition, the project
will serve as a Qualifi ed Opportunity
Zone (QOZ) to encourage long-term
investment in the area.
“We are pleased to be working on this
exciting project in Jessup Borough,”
said Andrew Mele, Managing Director
of Trammell Crow Company’s NE Metro
Business Unit. “In addition to best-in-
class design quality, the project will
enjoy proximity to a strong, vibrant
labor force and a strategic location with
access to over 80 million consumers
within an overnight drive.”
William Wolf, Max Wolf and Sean Bleiler
with CBRE Allentown will handle the
leasing and marketing of the project.
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