KING OF PRUSSIA, Pa. (Feb. 7, 2011) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it represented an affiliate of Lexington Realty Trust in the sale of a 179,200-square-foot warehouse/distribution facility at 34 E. Main St. in New Kingston to Lexmain Realty Ventures LLC.
Stephen Bonge, Timothy Brogan and Patrick McBride, all senior vice presidents in the Global Logistics group, and Carl Neilson, senior vice president, Investment Services, facilitated the transaction.
“The facility’s location in one of the Northeast’s most active and growing logistics markets resulted in a high level of buyer interest in the property,” said Brogan.
Located on Route 11 with excellent access to I-81, the Pennsylvania Turnpike and I-83, 34 E. Main St. is a highly functional, food-grade warehouse/distribution facility located in the Central Pennsylvania industrial market. Property improvements include a ballasted EPDM roof and 10 rail doors.
Contact: Erin Mays. Phone: 312.698.6735
Email: erin.mays@grubb-ellis.com
No comments:
Post a Comment