Case Study :: Higgins Development Partners – Lehigh

Property: Higgins Development Partners 9750 Commerce Circle Lehigh Valley, Pennsylvania Assignment: – Project marketing for a speculative 503,423 SF Class A warehouse built by Higgins Development Partners – Responsible for marketing and disposition of building

Challenges:
– Marketing of vacant building. Needed to secure tenant or user buyer to maximize value

Conclusion:
– Marketed to regional users. Secured tenant/buyer prior to completion of construction
– Sold the asset to Exel Inc Logistic Company for $27.68 million ($55 psf) million @ 7.2% capitalization rate