Clayco Begins Final Phase for Hanover 9 and Hanover Ridge Trade Center Projects
Final two buildings in new 4MM SF NorthPoint Development complex to be completed by August 2019
CHICAGO – April 3, 2019 – Clayco, a full-service turnkey real estate, architecture, engineering, design-build and construction firm, announced today it is on schedule to complete the final phase of the $48 million, 322-acre track Hanover 9 industrial park. Hanover 9 is part of a larger economic development initiative by Missouri-based NorthPoint Development and includes the 172-acre Hanover Ridge Trade Center project, all within Northeast Pennsylvania’s Lehigh Valley. This large-scale project included the construction of five new buildings and more than 4MM SF of new commercial, industrial and retail space on a former coal mine site.
“We are excited to partner with NorthPoint for the Hanover projects,” said Anthony Johnson, President, Shareholder, Industrial Business Unit of Clayco. “NorthPoint’s vision has transformed a former mine site into one of the most prominent commercial real estate tracts in the U.S. Both Hanover 9 and Hanover Ridge Trade Center are outstanding additions to Pennsylvania’s growing warehouse and distribution network and we look forward to helping bring even more development to Northeast Pennsylvania with NorthPoint.”
“Partnering with Clayco on such a challenging group of projects like Hanover was the best choice,” said Eric Watts of NorthPoint. “Their sound construction practices and commitment to exceeding timelines have allowed Hanover 9 and Hanover Ridge Trade Center to become a reality for the Lehigh Valley.”
True Value, Spreetail.com, Patagonia Inc., Chewy.com and Adidas have all announced their occupancy of the new Hanover 9 and Hanover Ridge Trade Center commercial and industrial parks. Certificates of occupancy are complete on three of the parcels, with another in May 2019 and the final in August 2019.
A private real estate investment firm focused on outstanding risk adjusted returns through acquiring, developing, and operating industrial properties on a national platform. The firm was founded in 2012 and has developed more than 58 million square feet for tenants such as Chewy.com, Home Depot, Amazon, Walmart, GE, and General Motors.
Clayco is a full-service, turnkey real estate development, master planning, architecture, engineering and construction firm that safely delivers clients across North America the highest quality solutions on time, on budget, and above and beyond expectations. With $2.6 billion in revenue for 2018, Clayco specializes in the “art and science of building,” providing fast track, efficient solutions for industrial, commercial, institutional and residential related building projects. For more information visit www.claycorp.com.