Real Estate
The acquisition of the recently completed facility marks the buyer’s entry into the market. : CenterPoint Properties has purchased a newly constructed 1 million-square-foot industrial facility in Northampton, Pa., marking its first acquisition in the Lehigh Valley market. CommercialEdge data lists the last owner as Rockefeller Group, which developed the property with $64.2 million in construction financing provided by TD Bank. Located at 951 Willowbrook Road, the project occupies 70 acres adjacent to an 800,000-square-foot FedEx distribution center and less than 3 miles from Lehigh Valley International Airport.

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