AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently leased approximately 128,400 square feet of its development portfolio in Pennsylvania to Alacer Corp., an industry leader in dietary supplements and nutritionally enhanced products. The lessee will occupy the space in AMB I-81 Distribution Center, thereby fully stabilizing the 350,400 square feet development property.
 
The leased facility is strategically located in close proximity to an interstate network with easy access to all the major East Coast cities, and enables suppliers to ship goods across the Mid-Atlantic and upper Mid-West in less than a day’s drive. Consequently, the site provides strong growth potential to Alacer Corp. In addition, the leased property has all the state-of-the-art facilities and serves as a role model for industrial development in the region.
 
AMB is a premier industrial real estate company, with a strong portfolio of warehouses and distribution facilities in some of the busiest distribution markets in the world. The company’s properties are located in supply-constrained infill markets having airports, seaports and ground transportation facilities at close quarters, helping the swift distribution of customers’ products.
 
AMB operates as a vertically integrated company and enjoys large economies of scale through an extensive knowledge of domestic and international industrial real estate markets. By the end of the first quarter of 2010, the company had 155.7 million square feet of operating and development facilities across the globe, out of which 13.1 million square feet were located in Northern New Jersey/New York region including Eastern Pennsylvania.
Read the full analyst report on “AMB”
Zacks Investment Research