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World Kitchen Inks 1M-SF HQ Lease Renewal

Tenant to Contnue Operations at Greencastle Warehouse
December 20, 2012
World Kitchen signed a full-building lease renewal to continue occupying the entirety of 1200 South Antrim Way, a 1.03-million-square-foot warehouse and distribution facility in Greencastle, PA.

Matrix Development Group, the building landlord, will undertake an extensive capital improvement program - in excess of $10 million - to modernize the facility for World Kitchen, a Rosemont, IL-based kitchenware provider.

The renovations will include 20,000 square feet of new corporate office space, replacement of HVAC systems throughout the facility, the incorporation of an ESFR sprinkler system, new roofing, additional truck docks and a new building envelope consisting of pre-cast concrete and metal panels. Site work will include the expansion of trailer parking by more than 150 stalls and the allocation of land to accommodate 230,000 square feet of future expansion.

Situated on 70 acres, 1200 South Antrim Way, which benefits from being within Foreign Trade Zone 147, is less than a quarter-mile from the planned Norfolk Southern Intermodal Freight Transport Facility and is less than one mile from Exit 3 off Interstate 81. An additional 64 acres is available for future development. The single-story warehouse building was constructed in 1960 in the Harrisburg Area West Industrial submarket of Franklin County.

Matrix vice president James R. Murray provided in-house representation in the transaction, while World Kitchen was represented by NAI Hiffman executive vice president Michael J Flynn, SIOR, CCIM, and vice president Jason Wurtz, with assistance from Jack Shepley of partner firm NAI CIR.

CoStar Group Senior News Editor Mark Heschmeyer contributed to this HQ News report.

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