Mapletree Investments (“Mapletree” or “the Group”) has acquired a 37.64-acre site at 1180 Corporate Center Drive East in Tobyhanna, Pennsylvania, located adjacent to its existing 1.3 million-square-foot (“sq ft”) industrial asset at 2086 Corporate Center Drive West. The Group plans to develop a 420,262-sq ft, state-of-the-art logistics facility on the site. Completion is expected in Fall 2026.
The facility is being constructed on the site of the former Davis Propane Company with its entrance being from Corporate Center Drive in the Pocono Mountains Coporate Center East.
“We are executing a disciplined growth strategy for our United States (US) logistics portfolio through targeted development. Our current pipeline reflects a broader commitment to creating long-term value by delivering premium, purpose-built facilities in key markets that meet the evolving needs of a diverse range of space users,” said Richard Prokup, Chief Executive Officer, US, Mapletree.
Chiagorom Osu, Head of US Logistics Development at Mapletree, added: “This latest acquisition in Tobyhanna adds to our growing pipeline and reflects our strategy to expand in markets where we already have a presence and see potential for long term growth. The facility will target LEED Silver certification and feature 40-foot clear heights, 64 dock doors, 64 trailer stalls and 189 parking spaces.”
Strategically located near Exit 3 of I-380, with direct access to I-80 and strong connectivity to the greater New York metro area, the site offers a convenient gateway to regional and national distribution networks.
Mapletree currently owns and manages approximately 2.5 million sq ft of industrial assets across Pennsylvania. These holdings contribute to the Group’s broader US logistics footprint, which totals over 66 million sq ft. This closing adds to a series of development milestones that Mapletree has recently achieved across the US.