Lingerfelt Secures Major Lease with PECO Pallet at Port 801
Lingerfelt Seals a Significant Lease with PECO Pallet
Lingerfelt is excited to announce the leasing of a new, spacious facility measuring 106,376 square feet to PECO Pallet at Port 801. This strategic move marks an essential development in the company’s operations and reflects Lingerfelt’s dedication to providing high-quality industrial spaces.
Modern Facility for Enhanced Operations
PECO's new facility stands out for its modern amenities and location, serving as their primary hub for operations in the region. This new space allows PECO to optimize its services, particularly for clients in and around various metropolitan areas.
Prime Location and Accessibility
The Port 801 facility enhances PECO's operational efficiency, benefiting from an optimal location that facilitates easier access to key markets. Notably, this facility is designed to meet top standards of energy efficiency and sustainability, aligning perfectly with PECO's environmental goals.
Commitment to Sustainability and Community Impact
PECO Pallet is committed to sustainability and responsible stewardship of the environment. The new facility will allow them to incorporate additional automated sorting equipment, which enhances safety and operational efficiency. This upgrade signifies PECO's drive to improve their services sustainably.
A Milestone for Lingerfelt
The establishment of PECO at Port 801 completes the occupancy of the facility, reflecting Lingerfelt's effective project execution and commitment to creating high-quality industrial spaces. Over the years, Lingerfelt has built a reputation for excellence within the commercial real estate space.
Expert Team Behind the Project
The successful negotiation of this lease was handled by experienced professionals from Colliers, including Rob Dirom, Wood Thornton, and Frank Hargrove, III, who facilitated this transaction. Their combined expertise proved invaluable throughout the project lifecycle.
About Lingerfelt and PECO Pallet
Lingerfelt remains a leader in real estate investment management and development across the Mid-Atlantic and Southeast. The company has built, acquired, and managed an impressive portfolio over its long history.
PECO Pallet is a recognized leader in the pallet rental service industry across North America. Their operations focus on delivering high-quality and sustainable pallet solutions, enhancing supply chain logistics for various markets.
Conclusion
Overall, the new lease at Port 801 not only marks a significant milestone for PECO Pallet but also reinforces Lingerfelt's ongoing commitment to advancing sustainable business practices in industrial real estate.
Frequently Asked Questions
What is the significance of the lease signed by Lingerfelt with PECO Pallet?
This lease marks a key development for both Lingerfelt and PECO Pallet, enhancing PECO's operations while ensuring the facility at Port 801 achieves full occupancy.
How does PECO's new facility align with their sustainability goals?
PECO's new facility incorporates energy-efficient designs and advanced equipment, enhancing safety and sustainability, crucial components of their operational strategy.
Who handled the leasing transaction for Lingerfelt?
The lease negotiations were expertly managed by the team at Colliers, featuring professionals known for their comprehensive real estate experience.
What are Lingerfelt's qualifications in the commercial real estate sector?
Lingerfelt has a longstanding reputation for excellence, investing and developing millions of square feet of commercial real estate across various regions.
How does PECO Pallet enhance supply chain efficiency?
PECO Pallet provides high-quality, reusable pallets that assist in optimizing logistics and reduce waste, contributing to efficient supply chains for their clients.
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