Goodman Leases 1M SF to Syncreon at Goodman Logistics Center Carlisle, Central PA

8/17/17

Goodman Group (Goodman or Group), one of the world's largest industrial property groups, with a global network spanning 16 countries and over $26 billion(A$33 billion) of assets under management, today announced it has preleased 1,007,868 square feet of logistics space to syncreon, at Goodman Logistics Center Carlisle.

Goodman has secured a seven year lease with syncreon, a third party logistics company, on one of two industrial facilities at the Goodman Logistics Center Carlisle. The strategically located, modern and contemporary logistics campus provides direct access to Interstate 81, one of the major transportation networks servicing the Greater Northeast. syncreon is scheduled to take occupancy of the building in early 2018.

Anthony Rozic, CEO of Goodman North America said: "Goodman Logistics Center Carlisle offers a strategic location and provides access to over 40% of the US population, making it highly sought after by customers servicing the New York City, Washington D.C., Baltimore, Philadelphia and Pittsburghmarkets. The prelease of this modern logistics center to syncreon is an example of Goodman delivering its Northeast real estate strategy, providing high quality logistics facilities, close to consumers."

syncreon's Head of Global Accounts for Technology, Michael Fahy, said, "This facility is a critical part of syncreon's growth plan in North America. We are very pleased with the speed, level of service and the quality of the build. It's important that we were able to customize key facility features to optimize our process flow. This facility will be a world-class operation for us and for our technology customers."

The deal was negotiated by Lauren Scarpace and Michael Hess from CBRE and is the first lease at the logistics center.

The second logistics facility is currently available for lease and provides an additional 938,236 square feet of available space. Goodman has appointed Mark Chubb and Michael Zerbe from Colliers as brokers for this property. For more information please visit: www.goodmancarlisle.com

The Goodman Logistics Center Carlisle is one of a number of projects in Goodman's US$2.0 billionidentified US investment pipeline, which will provide 14.9 million square feet of Class A logistics space in the key logistics and industrial markets of Inland Empire, Greater Los Angeles, Northern New Jerseyand Central Pennsylvania.

Over the last 12 months, Goodman has completed 2.0 million square feet of Class A development product in these key logistics markets, with a further 4.3 million square feet currently under construction. This is consistent with Goodman's ongoing commitment to servicing the needs of its global customer base through the development of modern, well-located properties for long-term ownership.

About Goodman

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited and Goodman Industrial Trust, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally.

Goodman's global property expertise, integrated own+develop+manage customer service offering and significant investment management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver sustainable long-term returns for its Partners.

www.goodman.com

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