Olyphant, Lackawanna County, PA -
An affiliate of Endurance Real Estate Group, LLC and Cabot Properties, a Boston-based global investor, developer, and operator of logistics real estate, have announced the successful disposition of Scranton North Logistics Center, a 1,000,000-square-foot warehouse and distribution facility located at 1300 Corporate Way in Olyphant, Pennsylvania.
The newly constructed, Class A logistics facility is fully leased on a long-term basis to a Fortune 2 company and was sold to an undisclosed institutional buyer. The transaction was brokered by JLL Capital Markets, led by John Plower, Ryan Cottone, and Zach Maguire.
A Transformative Industrial Development
Scranton North represents a significant industrial investment for Northeastern Pennsylvania and exemplifies the type of modern logistics development in high demand across key U.S. consumption markets.
“Scranton North exemplifies the type of transformative development we strive to deliver, turning a complicated site into a best-in-class logistics asset that attracts strong tenancy and drives meaningful economic activity to the region,” said Benjamin Cohen, President of Endurance. “The successful outcome of this speculative project reflects our team’s ability to execute our business plan and deliver compelling value to our stakeholders. We are extremely proud of the collaboration that brought this development to life and look forward to continuing to invest in the growth of Northeast Pennsylvania.”
Cabot’s Largest Single-Building Development to Date
For Cabot Properties, the sale marks a major milestone.
“Our team, in partnership with Endurance, was able to deliver this asset on a speculative basis under budget and execute full lease-up of the property, which speaks to our local market relationships and specialized expertise,” said Michael McCarthy, Managing Director and Co-CIO of Value-Add Programs at Cabot Properties. “The successful disposition of Scranton North—Cabot’s largest single-building development project to date—underscores the strong investor appetite for modern, Class A logistics facilities in strategic, consumption-focused markets.”
Modern Design and Strategic Connectivity
Scranton North is a state-of-the-art, cross-dock warehouse and distribution facility designed to support large-scale, high-performance logistics operations. The building features modern design specifications, best-in-class functionality, and robust electrical capacity tailored to meet the tenant’s operational needs.
The property benefits from exceptional regional and national connectivity, providing access to major East Coast population centers, multiple seaports, and extensive air, rail, and highway networks. The site is located approximately 20 minutes from five major parcel operations and within a 15-minute drive of the Scranton–Wilkes-Barre metropolitan area, the fifth-largest MSA in Pennsylvania, offering access to a deep, reliable, and skilled labor pool.
About Endurance Real Estate Group
Founded in 2002, Endurance Real Estate Group, LLC is a Radnor, Pennsylvania–based real estate owner and developer focused on income-producing and value-add industrial opportunities throughout the Mid-Atlantic region. Since its formation, Endurance has acquired and developed approximately $1.8 billion in assets totaling 21 million square feet. The firm currently owns and operates 57 buildings totaling more than 7.6 million square feet and is entitling or developing an additional 1.4 million square feet of industrial space across multiple projects.
About Cabot Properties
Cabot Properties is a global private equity real estate firm specializing in logistics and industrial real estate. Founded in 1986, Cabot has invested more than $17 billion in logistics properties worldwide, serving over 4,300 tenants and operating more than 1,750 buildings totaling over 240 million square feet. The firm is headquartered in Boston with offices across the United States, Europe, and Asia Pacific.
About JLL
JLL (NYSE: JLL) is a leading global commercial real estate and investment management company with a history spanning more than 200 years. A Fortune 500® company, JLL operates in over 80 countries and combines global scale with local expertise to help clients buy, build, occupy, manage, and invest in commercial real estate across all asset classes.
