Falls Township and NorthPoint Development are gearing up for the final stages of construction on Building 1 at Keystone Trade Center.
Spanning 1,159,849 square feet, Building 1 will be the newest distribution center for FedEx, which will occupy 100% of the building. Construction should wrap up by the end of this year.
Keystone Trade Center, the state-of-the-art distribution and warehouse campus situated on the U.S. Steel Fairless Works steel plant site in Falls Township, is expected to add 15 million square feet of industrial space, reinforcing its position as a strategic logistics hub for global industrial occupiers.
The collaboration between Falls Township, Bucks County, and NorthPoint Development has brought forth a remarkable reinvention of the former site, generating significant economic growth and providing thousands of job opportunities for the local community.
“This tenant and their planned use validates Keystone Trade Center as a top-tier location for global industrial occupiers to access both the U.S. and Northeast and Mid-Atlantic markets,” offered Mark Chubb, senior managing director with Colliers, who represents the project leasing team which includes Tom Golarz, Michael Zerbe, Summer Coulter and Michael Golarz.
Chubb elaborated, “Securing this tenant had everything to do with the flexible partnership of NorthPoint, who was able to make site plan modifications to accommodate robust parking needs. The availability of Pennsylvania’s Keystone Opportunity Zone incentives in the campus was also of interest in narrowing their site selection, given their significant investment into their new facility. The momentum of Phase 1 at Keystone Trade Center has been quite tremendous, and we expect this to continue as NorthPoint Development delivers the next 2 million square feet of construction this fall.”
In total, the $1.5 billion investment into the 1,800 acres at Keystone Trade Center brings as many as 7,000 new, permanent jobs, with an additional 5,500 construction jobs to Bucks County, significantly contributing to the region’s economic prosperity. Nestled within the heart of the East Coast, this industrial park’s strategic location offers “unparalleled advantages” for businesses seeking efficient distribution and logistics solutions.
“On behalf of Falls Township, I am delighted to see continued progress at the Keystone Trade Center,” Supervisor Chairman Jeff Dence said. “We look forward to this land once again being a hub of economic development.”
The journey to 15 million square feet is well underway. Phase 1 is already complete and fully leased, while phase 2 of development is nearing its final stages. This brings over 4 million square feet of new class-A industrial space to Keystone Trade Center. And it won’t stop there. Phase 3 is set to kick off later this year.
“With Keystone Trade Center’s vast size and modern infrastructure, this industrial park will serve as a hub of economic activity, generating employment opportunities and contributing to the growth of the local workforce,” said Jeremy Michael, vice president of development for NorthPoint Development.
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