TA Realty Sells Two Warehouse Buildings in Central PA
TA Realty LLC recently sold two class A warehouse buildings to High Street Logistics Properties, LLC. The transaction between the two Boston-based companies totaled over $60 million and encompassed 440,850 square feet.
The first building, consisting of 189,600 square feet, is located at 525 Industrial Drive in Lewisberry, Pennsylvania and fully leased to Westlake Pipe. The second building, located at 701 Stony Battery Road, Lancaster, Pennsylvania, is leased to Packaging Corporation of America and includes 251,250 square feet.
The seller was represented by the Capital Markets team from BRK Real Estate Advisors consisting of Bob Yoshimura, Joe Hill and Eric Mattson. “Our marketing efforts attracted many qualified investors which lead to a very competitive process,” said Mattison. “The buyer was attracted to the assets due their quality, location, and ability to increase rental rates when the current leases expire.”
BRK Real Estate Advisors is located in Conshohocken, Pennsylvania and specializes in capital market transactions, including pension fund advisors, REIT’s and family offices, as well as private ownership groups.
