FedEx Joining As Tenant At Keystone Trade Center

FALLS TOWNSHIP, PA —FedEx is joining the Keystone Trade Center.

Jeremy Michael, vice president of development for NorthPoint Development, said the transport company will occupy space as a tenant in Building 1 of the former U.S. Steel site.

They will be the third tenant with two others —Jillamy and Savino Del Bene —occupying 100 percent of Building 3.

"Having (FedEx) as a tenant in the park is a major win," Michael said. "Their operation will attract other businesses that will want to co-locate in the park. A benefit of being located in the same park as a parcel service provider allows businesses to extend next-day shipping hour cut-off times."

The Keystone Trade Center is set to become the East Coast's Largest Class-A Industrial Park with the final stages of Building 1 nearing completion, Falls Township and Northpoint Development officials said.

Keystone Trade Center, the state-of-the-art distribution and warehouse campus situated on the historic U.S. Steel Fairless Works steel plant site, is expected to add 15 million square feet of industrial space, reinforcing its position as a strategic logistics hub for global industrial occupiers.

Building 1, spanning 1.15 million square feet, will be the newest distribution center for FedEx.

The Keystone Trade Center is expected to generate "significant economic growth" and provide thousands of jobs, officials said.

“This tenant and their planned use validates Keystone Trade Center as a top-tier location for global industrial occupiers to access both the U.S. and Northeast and Mid-Atlantic markets," said Mark Chubb, senior managing director with Colliers, who represents the project leasing team which includes Tom Golarz, Michael Zerbe, Summer Coulter, and Michael Golarz.

“Securing this tenant had everything to do with the flexible partnership of NorthPoint, who was able to make site plan modifications to accommodate robust parking needs," Chubb said. "The availability of Pennsylvania’s Keystone Opportunity Zone incentives in the campus was also of interest in narrowing their site selection, given their significant investment into their new facility. The momentum of Phase 1 at Keystone Trade Center has been quite tremendous, and we expect this to continue as NorthPoint Development delivers the next 2 million square feet of construction this fall.”

In total, the $1.5 billion investment into the 1,800 acres at Keystone Trade Center brings as many as 7,000 new, permanent jobs, with an additional 5,500 construction jobs to Bucks County.

"On behalf of Falls Township, I am delighted to see continued progress at the Keystone Trade Center," Supervisors Chairman Jeff Dence said. "We look forward to this land once again being a hub of economic development."

The journey to 15 million square feet is well underway. Phase 1 is already complete and fully leased, while phase 2 of development is nearing its final stages. This brings more than 4 million square feet of new class-A industrial space to Keystone Trade Center.

And it won't stop there.

Phase 3 is set to kick off later this year, propelling us even closer to our ambitious goal.

"With Keystone Trade Center’s vast size and modern infrastructure, this industrial park will serve as a hub of economic activity, generating employment opportunities and contributing to the growth of the local workforce,” said Jeremy Michael, Vice President of Development for NorthPoint Development.

NorthPoint Development worked with its capital partners —Northwestern Mutual, and Colliers International —to bring this major transportation company to Falls Township.

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