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.

Mintel, a global market intelligence agency, has relocated from a 26,000-square-foot office at 333 W. Wacker Drive in the West Loop to 203 N. LaSalle. Transwestern Real Estate Services represented building ownership on the new 30,000-square-foot lease in the 27-story, 624,724-square-foot office building in Chicago’s Central Loop submarket.

The building owner, Sumitomo Corporation of Americas, was represented by Senior Vice President Kathleen Bertrand, Executive Vice President Eric Myers and Senior Associate John Nelson of Transwestern, which leases and manages the building. Michelle Wiedman of Wiedman Real Estate represented Mintel.

“The space brings great energy and facilitates both quiet and collaborative work, which is essential to how our teams support our clients,” said Ben Dietz, president and general manager of Mintel Americas. The new office is a perfect way to commit, once again, to the city of Chicago.”

203 N. LaSalle is a LEED Platinum tower with amenities including a state-of-the-art conference center, fitness center and multiple tenant lounges.

“We’re excited to welcome Mintel to 203 N. LaSalle. The building is debt-free and in a great location with a full amenity package.”

Transwestern Senior Vice President Kathleen Bertrand

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