Hanover Ridge Trade Center

Transcription

1 Hanover Ridge Trade Center INTERSTATE, EXIT 164 WILKES-BARRE, BUILD-TO-SUIT DEVELOPMENT NEW DEVELOPMENT - DESIGN FLEXIBILITY UP TO 2.0 MSF (SINGLE BUILDING) 186 Trailer Storage Spaces Located in a Keystone Opportunity Zone through NEW COMMERCE BLVD. Owner, Operator & Developer: 225 Parking Spaces Parking Spaces 300 SOUTH MAIN STREET 1,663, 200 SF 197 Trailer Storage Spaces 76 Trailer Storage Spaces 86 Trailer Storage Spaces ,000 SF Parking Spaces 345,000 SF 144 Parking Spaces 312 Parking Spaces APPROVED DEVELOPMENT UP TO MSF (1.6 MSF SPECS BELOW) Trailer Drops = 655 Size: 1,663,200 SF Dimensions: 630 x 2,640 format: Cross-dock doors: 350 (1 per 4,652 SF) Trailer Parking Stalls: 383 Truck Court depth: 1 Car parking spaces: 369 Leasing Agent: 29 Exit 164

2 LOGISTICS AND INFRASTRUCTURE s to ports, highways, shipping intermodal facilities TO CITIES Time New York Washington Boston Toronto miles 00 miles 100 miles TO PORTS Time of of Newark-Elizabeth of 1.4 of Virginia TO HIGHWAYS Time WASHINGTON, DC NEW YORK TO INTERMODAL & SHIPPING FACILITIES Time Ground - Pittston, 13.1 UPS Customer Center, Pittston, 13.7 Shipping Center, Pittston, Taylor, Bethlehem, Harrisburg, miles * Source: Google ogle Earth NORFOLK

3 SITE OVERVIEW Strategic & Flexible Designs On behalf of the owner KTR Capital Partners, JLL is pleased to offer for build-to-suit opportunity Hanover Ridge Trade Center, Wilkes-Barre,. The project has significant design flexibility can accommodate varying sizes up to million square feet. In addition, Hanover Ridge Trade Center is located in a Keystone Opportunity Zone (KOZ), which will allow an eligible business to operate essentially free from state local taxes through Located within the Pennsylvania Industrial Market, Hanover Ridge Trade Center is within a 600 mile radius of over 40% of the US population with immediate access to some of the region s most traveled highways including I-, I-, I-, I-, I-. This location has proven to be one of the most important on the eastern seaboard for big-box distribution users, specifically retail e-commerce. Location Total Population Total Population 10 MILE RADIUS 20 MILE RADIUS Hanover Ridge, Wilkes-Barre, 192, ,504 I-/I- split, Fredericksburg, 102, ,528 Humboldt Industrial Park, Hazelton, 82, ,605 I- Exit 44, Carlisle,,4 347,522 I- Exit 29, Shippensburg, 51, ,6 I- Exit 2, Blakeslee, 37,910 2,547 Approved Design: Source: U.S. Bureau of the Census, 2010 The site s centralized location within Northeast Pennsylvania benefits from a strong, reliable, lowcost labor force. Hanover Ridge Trade Center is on the southern edge of Wilkes-Barre is able to draw from this strong local labor pool in addition to Scranton, to the north Hazleton, to the south. There are 265,000 people located within a 25-minute drive time 636,000 within a 45-minute drive time.

4 EdeF SPU EdeF fron fron fron TO TOHIGHWAYS HIGHWAYS TO HIGHWAYS TO TOINTERMODAL INTERMODAL &&SHIPPING FACILITIES SHIPPINGTO FACILITIES INTERMODAL & SHIPPING FACILITIES Ground 13.1 Ground- Pittston, - Pittston, 13.1 UPS 13.7 UPSCustomer CustomerCenter, Center,Pittston, Pittston, 13.7 Ground - Pittston, 13.1 Center, 15.3 Shipping Shipping Center,Pittston, Pittston, 15.3 UPS Customer Center, Pittston, Taylor, Taylor, 20.5 Shipping Center, Pittston, Bethlehem, Bethlehem, 77.5 Harrisburg, Taylor, - Harrisburg, Bethlehem, Harrisburg, Hanover_Ridge_for Printer_EH.indd Hanover_Ridge_for Printer.indd 2 2 NEW NEWYORK YORK Time Time Time Time Time Time NEW YORK DC WASHINGTON, WASHINGTON, DC WASHINGTON, DC Time Time Time mmilil 0 m eses ile s * *Source: Source:Google GoogleEarth Earth OLK NORF NORFOLK * Source: Google Earth NORFOLK Located Locatedwithin withinthe thepennsylvania PennsylvaniaIndustrial IndustrialMarket, Market, Hanover Ridge Trade Center is within a 600 mile Hanover Ridge Trade Center is within a 600 mile radius radiusofofover over40% 40%ofofthe theus USpopulation populationwith with immediate immediateaccess accesstotosome someofofthe theregion s region smost most traveled traveledhighways highwaysincluding includingi-, I-,I-, I-,I-, I-,I-, I-, I-. This location has proven to be one of I-. This location has proven to be one of the themost mostimportant importanton onthe theeastern easternseaboard seaboardfor for big-box big-boxdistribution distributionusers, users,specifically specificallyretail retail e-commerce. e-commerce. The Thesite s site scentralized centralizedlocation locationwithin withinnortheast Northeast Pennsylvania Pennsylvaniabenefits benefitsfrom fromaastrong, strong,reliable, reliable,lowlowcost costlabor laborforce. force.hanover HanoverRidge RidgeTrade TradeCenter Centerisison on the southern edge of Wilkes-Barre is able to the southern edge of Wilkes-Barre is able to draw drawfrom fromthis thisstrong stronglocal locallabor laborpool poolininaddition addition totoscranton, Scranton, totothe thenorth north Hazleton, Hazleton, totothe thesouth. south.there Thereare are265, ,000people peoplelocated located within withinaa25-minute 25-minutedrive drivetime time 636, ,000within within aa45-minute 45-minutedrive drivetime. time. 274, ,605 I- I-Exit Exit44, 44,Carlisle, Carlisle,,4,4 347, ,522 I- I-Exit Exit29, 29,Shippensburg, Shippensburg, 51,649 51, ,6 212,6 I- I-Exit Exit2, 2,Blakeslee, Blakeslee, 37,910 37,910 2,547 2,547 Source: U.S. Bureau of of thethe Census, 2010 Source: U.S. Bureau Census, 2010 Approved ApprovedDesign Design: : ' - 0" 1,999,0 SF BUILDING #1 60' - 0" 130 Parking Spaces 168 Trailer Storage Spaces 86 Parking Spaces 82,721 82,721 size: size:1,999,0 1,999,0SF SF dimensions: dimensions: xx3,030 3,030 format: Cross-dock format: Cross-dock doors: doors: (1(1per per5,524 5,524SF) SF) Trailer TrailerStalls: Stalls: Truck Truckcourt courtdepth: depth: Car Carparking parkingspaces: spaces: Humboldt HumboldtIndustrial IndustrialPark, Park,Hazelton, Hazelton, 60' - 0" 388, ,528 12,000 S.F. FFICE 102, ,528 60' - 0" I-/I- I-/I-split, split,fredericksburg, Fredericksburg, DRIVE-IN 660' - 0" 421, , Trailer Storage Spaces Trailer Storage Spaces E-Commerce E-CommerceDesign Design Specifications Specifications(Conceptual): (Conceptual): 160 Trailer Storage Spaces DRIVE-IN 50,000 S.F. OFFICE size: size:1,202,700 1,202,700SF SF dimensions: 570 dimensions: 570 xx2,110 2,110 format: format:cross-dock Cross-dock doors: doors: (1(1per per4,405 4,405SF) SF) Trailer TrailerStalls: Stalls: Truck Truckcourt courtdepth: depth: Car Carparking parkingspaces: spaces:1,000 1, Parking Spaces 54' - 0" 60' , , Trailer Storage Spaces 70 Parking Spaces POTENTIAL REMOTE OFFICE ' - 0" 1,202,700 SF BUILDING #1 125 Trailer Storage Spaces S& ofof ofofvirginia Newark-Elizabeth of Virginia of of Virginia Hanover HanoverRidge, Ridge,Wilkes-Barre, Wilkes-Barre, Big BigBox BoxDesign Design Specifications Specifications(Conceptual): (Conceptual): 50' - 0" ofofnewark-elizabeth Newark-Elizabeth ss s Location Location 100 Parking Spaces 54' - 0" ' - 0" TO TOPORTS PORTS TO PORTS ofof On Onbehalf behalfofofthe theowner ownerktr KTRCapital CapitalPartners, Partners,JLL JLL isispleased pleasedtotooffer offerfor forbuild-to-suit build-to-suitopportunity opportunity Hanover HanoverRidge RidgeTrade TradeCenter, Center,Wilkes-Barre, Wilkes-Barre,.. The Theproject projecthas hassignificant significantdesign designflexibility flexibility can accommodate varying sizes up to million can accommodate varying sizes up to million square squarefeet. feet.ininaddition, addition,hanover HanoverRidge RidgeTrade Trade Center Centerisislocated locatedininaakeystone KeystoneOpportunity OpportunityZone Zone (KOZ), (KOZ),which whichwill willallow allowan aneligible eligiblebusiness businesstoto operate operateessentially essentiallyfree freefrom fromstate state local localtaxes taxes through through Total TotalPopulation Population 2020MILE MILERADIUS RADIUS DRIVE-IN ' 0" Time Total TotalPopulation Population 1010MILE MILERADIUS RADIUS 570' - 0" New York Washington Washington Boston Boston Washington Toronto Toronto Boston Toronto Strategic Strategic&&Flexible FlexibleDesigns Designs 570 New NewYork York Time Time m00i m m le iille e alihp wen itlab hsaw tsob orot TO TOCITIES CITIES TO CITIES Strategic Strategic&&Flexible FlexibleDesigns Designs m00i m m les iilles es m m ilems iilles es SITE SITEOVERVIEW OVERVIEW 660 s to ports, highways, shipping intermodal facilities SITE SITEOVERVIEW OVERVIEW 300 Parking Spaces D LOGISTICS LOGISTICSAND ANDINFRASTRUCTURE INFRASTRUCTURE LOGISTICS AND INFRASTRUCTURE s shipping stotoports, ports,highways, highways, shipping intermodal intermodalfacilities facilities A ASH TO 201 1( US) 140 Trailer Storage Spaces 1/16/2015 AM 1/15/2015 9:59:06 10:46:25 AM

5 ECONOMIC INCENTIVES KOZ First Keystone Opportunity Zone (KOZ) Hanover Ridge Trade Center is located within a Keystone Opportunity Zone (KOZ) through Founded in 1999, the KOZ program was an initiative that allowed local counties, municipalities school districts to designate certain properties within their jurisdictions as tax-free zones for a certain period of time. It was created to attract out-of-state companies to relocate in Pennsylvania. The KOZ program has been so successful that Business Facilities magazine called it the number one economic development strategy in the nation. Since the program s inception, local communities have added additional subzones in 2001, 2003, 2004, 2009 most recently in Some of the state local taxes subject to exemptions in a KOZ include: Local real estate taxes Local business privilege or mercantile taxes Pennsylvania s Corporate Net Income Tax Pennsylvania s Capital Stock & Franchise Tax State sales tax on taxable property or services that are used consumed by the business in the zone. KOZ Real Property Tax Savings Example BUILDING SIZE: 1,663,200 SF ESTIMATED TAXES: $0.65 PSF ANNUAL TAX INCREASE: 3% Year Tax Rate Annual Taxes Annual Savings 2015 (1) $0.65 $0.00 $1,0, (2) $0.67 $0.00 $1,113, (3) $0.69 $0.00 $1,146, (4) $0.71 $0.00 $1,1, (5) $0.73 $0.00 $1,216, (6) $0.75 $0.00 $1,253, (7) $0. $0.00 $1,2, (8) $0. $0.00 $1,329, (9) $0.82 $0.00 $1,369, (10) $0.85 $0.00 $1,410, Total Savings = 12,393, * A tax rate of $0.65 PSF was used for the first year of the above 1,663,200 SF example with modest annual millage increases thereafter. Actual real estate taxes may vary depending upon the cost of construction required to meet a company s real estate needs. Pennsylvania First Program ( First) Gov. Tom Corbett implemented First in 2011, combining several previous incentives. The program provides direct grants loans for projects involving job creation capital investment. Any businesses, municipalities or authorities on behalf of businesses, which will create or preserve a significant number of jobs will make a significant investment within Pennsylvania, are eligible. Funding provided through First must be utilized for the operation of an eligible business at a specific project site. Utilization of the funds can include: job training, l or building acquisition, construction financing, machinery or equipment, working capital.

6 ABOUT KTR KTR Capital Partners is a real estate investment, development operating company focused exclusively on the industrial property sector. Dallas, Las Vegas, Los Angeles, Miami Seattle, KTR has an person platform that manages a series of discretionary value-add investment funds that target opportunities throughout major markets in North America. KTR funds currently own a portfolio of approximately 60 million square feet across North America provide nearly $7.0 billion of investment capacity. 500 MILES For additional information, please visit Sample KTR Development Projects: Commerce, CA 620,000 SF 50 New Canton Way Robbinsville, NJ 1,039,500 SF Miami International Distribution Center Miami, FL 335,831 SF 0 Patrol Road 1,015,740 SF Owner, Operator & Developer: For leasing information, please contact: Paul Torosian paul.torosian@am.jll.com Kim Meincke kim.meincke@am.jll.com Jason Webb jason.webb@am.jll.com Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.