Lower Bucks Logistics Hub Granted Final Site Plan Approval
January 31, 2023 – Middletown Township, PA – Foxfield and Drake Real Estate Partners are pleased to announce that Lower Bucks Logistics Hub, a two-building, 814,000 SF industrial park, has been granted full entitlements and final approval by Middletown Township. The development will be located 30 minutes north of Downtown Philadelphia, at the intersection of I-295, Old Lincoln Highway, and U.S. Route 1, making it an ideal location for logistics users.
Mark Tang, Vice President of Development at Foxfield, said, “We would like to extend our congratulations to the Lower Bucks Logistics Hub development team, a remarkable group of people with a diverse mix of experience and expertise, who helped guide the project through the comprehensive community review process with the Middletown Township community, Planning Commission and Board of Supervisors. We also extend our gratitude to the Township community, staff and officials who served tirelessly throughout the review process.”
Foxfield plans to break ground on the two speculative Class A industrial buildings in early 2023. The northern building is a 361,457 SF rear loader, while the southern building is a 453,110 SF cross-dock. Both buildings will feature 40’ clear height, 1:5,000 SF dock ratio, ESFR, and ample car and trailer parking. The project is expected to be completed in the second half of 2024.
The CBRE leasing team of Andrew Green, Paul Touhey, and Dan McGovern have been hired to market the buildings.
Foxfield is a real estate investment and development company that focuses primarily on industrial and residential markets. Headquartered in Boston, with offices in Atlanta and Philadelphia, Foxfield searches for unique investment opportunities throughout the East Coast. the country. Foxfield discovers opportunities where others see none. Our investment mandate focuses on a margin of safety that controls downside risk and produces asymmetric returns for our investors. Foxfield’s opportunistic nature and analytical processes unearth value across the risk spectrum. We see properties not for what they are, but for their potential within the fabric of the community.
To date, Foxfield has transacted on $1.4 billion in acquisitions and has $1.0 billion in the development pipeline with more than 7 million SF in assets under management or development.
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