Global real estate firm Mapletree Investments has announced its acquisition of a 37.64-acre site in Tobyhanna, Pennsylvania, with plans to develop a new logistics facility designed to serve key markets, including New Jersey and the greater New York metropolitan area.
The new 420,262-square-foot, state-of-the-art facility, with an expected completion in Fall 2026, is strategically located near Exit 3 of I-380. Its direct access to I-80 makes it a convenient gateway for regional and national distribution networks, offering a valuable logistical link for businesses operating in and around New Jersey.
“We are executing a disciplined growth strategy for our U.S. logistics portfolio through targeted development,” Richard Prokup, CEO of Mapletree U.S., said. “Our current pipeline reflects a broader commitment to creating long-term value by delivering premium facilities in key markets that meet the evolving needs of a diverse range of space users.”
The facility will feature 40-foot clear heights, 64 dock doors, 64 trailer stalls, and 189 parking spaces, and will target LEED Silver certification. According to Chiagorom Osu, Head of U.S. Logistics Development at Mapletree, the project adds to the company’s “growing pipeline and reflects our strategy to expand in markets where we already have a presence and see potential for long term growth.”
This new development adds to Mapletree’s existing portfolio of approximately 2.5 million square feet of industrial assets across Pennsylvania. This significant investment highlights the company’s confidence in the regional logistics sector and its ability to connect with major economic hubs, including those across the border in New Jersey.
